On Tuesday, the gold rates in Pakistan took a major surge, moving the cost of 24-karat gold to Rs249,700 per tola after seeing a price rise of Rs2400.
Dealers reported a similar rise in the price of 10 grams of 24-karat gold, which has gone up by Rs2057 to now trade at Rs214,077. Furthermore, the price of 10 grams of 22-karat gold also showed a surge to trade at Rs196,238.
These movements are closely linked to changes in the value of the US Dollar, indicating the close relationship between currency values and gold prices. This underscores the impact of global economic factors on local gold markets.
Read more: Gold rates in Pakistan reflecting slight uptrend
The price of 24-karat silver is currently standing at Rs2,650. Internationally also, the gold price saw a price rise of $20, reaching $2,391 per ounce.
It's very important 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.
