On Tuesday, the gold prices in Pakistan once again experienced a sharp rise, pushing the cost of 24-karat gold to Rs223,900 per tola after witnessing a further increase of Rs2,700.
Dealers observed a corresponding increase in the price of 10 grams of 24-karat gold, which also saw a massive hike of Rs2,315, now trading at Rs191,958. Similarly, the price of 10 grams of 22-karat gold also saw an upward trend to trade at Rs175,962.
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 maintain upward trajectory
The price of 24-karat silver, however, remained stable at Rs2,600. Internationally also, the gold price saw a big boost of $29, reaching $2,135 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 jewellers.
