Big Changes In Gold Prices
was attributed to a number of factors, including:
- A stronger Pakistani rupee: The Pakistani rupee has strengthened against the US dollar in recent weeks, which has made gold imports cheaper.
- A decline in global gold prices: Global gold prices have also been declining in recent weeks, due to a number of factors, including rising interest rates in the United States and a stronger US dollar.
- Reduced demand from investors: Investor demand for gold has also declined in recent weeks, as investors have shifted their focus to other assets, such as stocks and bonds.
Impact on Consumers
Outlook for Gold Prices
The decrease in the gold rate is good news for Pakistani consumers, who will now be able to buy gold at a lower price. However, it is important to note that the gold rate can fluctuate rapidly, and it is always important to do your research before buying or selling gold.
Here is a table of the gold rates in Pakistan today, November 13, 2023:
|Karat||Per Tola (Rs.)||
Per Gram (Rs.)