Gold prices fell in Pakistan on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 22,514.53 Pakistani Rupees per gram, down compared with the PKR 22,558.78 it cost on Monday. The price for Gold decreased to PKR 262,609.20 per tola from PKR 263,121.20 per tola a day earlier. Unit measure Gold Price in PKR 1 Gram 22,514.53 10 Grams 225,144.40 Tola 262,609.20 Troy Ounce 700,272.20 FXStreet calculates Gold prices in Pakistan by adapting international prices to the local currency and measurement units.
High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
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