The rate of 24 karat per tola gold fell by Rs.6,700 on Thursday and was sold at Rs.335,200 compared to its sale at Rs.341,900 during the previous trading day, All Pakistan Sarafa Gems and Jewelers Association said.
The rates of 10 grams of 24 karat dropped by Rs5,745 to Rs287,379 from Rs293,124, while the rate of 10 grams of 22 Karat fell by Rs.5,266 to Rs263,440 from Rs268,706.
The per tola silver rates declined by Rs105 to Rs.3,377, and ten grams silver fell by Rs90 to Rs2,985, respectively.
The international gold price also dropped by $67 to $3,168 from $3,235, while that of silver fell by $1.05 to $31.95, the Association said.
But on May 13, gold prices in Pakistan recovered by a gain of Rs3,700 per tola, and the new rate became Rs344,200.
On May 14, the 24-karat gold price declined by Rs10,400 per tola, reducing the new rate to Rs340,500.
The Saudi Riyal exchange rate against the Pakistani Rupee, meanwhile, was also changing.
One Saudi Riyal bought Rs74.45 in the free market, as per the gold price in Saudi Arabia on Thursday.
The selling speed of the Riyal also rose to Rs74.58 simultaneously.
Based on market developments, several different exchange businesses gave these more current numbers.
Economic and political events frequently cause changes in currency exchange rates.
Changes like these would enable traders to benefit from good possibilities.
When devising financial plans, numerous investors take into account foreign exchange rates and gold.
