On Thursday, after a significant decrease, the gold prices in Pakistan experienced an increase of Rs900. This drop impacted gold rates across the country, pushing the cost of 24-karat gold to Rs215,700 per tola.
Dealers observed a corresponding increase in the price of 10 grams of 24-karat gold, which also saw a rise of Rs722, now trading at Rs184,928. Similarly, the price of 10 grams of 22-karat gold also saw an upward trend to trade at Rs169,517.
These fluctuations are closely linked to changes in the value of the US Dollar, indicating the intricate relationship between currency values and gold prices. This underscores the influence of global economic factors on local gold markets.
Read more: Gold prices in Pakistan experience major decline
In contrast, the price of 24-karat silver remained stable at Rs2,570. Internationally also, the global gold price saw a minor increase of $9, reaching $2,057 per ounce.
It's essential to recognize that gold rates in Pakistan can vary significantly throughout the day, influenced by trends in the global market. The provided gold rates are sourced from reputable sources, primarily based in Karachi and Multan.
For the most up-to-date and accurate information on gold prices, individuals are advised to consult local gold merchants and jewelers.
