On Tuesday, the gold prices in Pakistan displayed a slight upward movement, taking the cost of 24-karat gold to Rs227,300 per tola after reporting a decline of Rs400.
Dealers observed a corresponding drop in the price of 10 grams of 24-karat gold, which also saw a rise in price of Rs343, now trading at Rs194,873. Similarly, the price of 10 grams of 22-karat gold also saw a upward trend to trade at Rs178,634.
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.
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The price of 24-karat silver is currently trading at Rs2,580. Internationally also, the gold price saw a modest rise of $3, reaching $2,173 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.
