On Thursday, the gold market in Pakistan experienced a rise, leading to an up tick in gold prices. The cost of 24-karat gold saw a rise of Rs800, reaching Rs216,300 per tola.
Gold dealers noted a corresponding increase in the rate of 10 grams of 24-karat gold, with a jump of Rs686, now being traded at Rs185,442.
Additionally, the price of 10 grams of 22-karat gold witnessed a decrease, reaching Rs169,989.
These fluctuations in gold rates are closely linked to changes in the value of the US Dollar, highlighting the intricate relationship between currency values and gold prices.
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This connection underscores the impact of global economic factors on local gold markets.
In contrast, the price of 24-karat silver remained stable at Rs2,600.
On the international front, the global gold price also experienced a slight increase, climbing by $5 to settle at $2,060 per ounce.
It is important to note that gold rates in Pakistan can undergo significant changes throughout the day, influenced by trends in the global market.
The provided gold rates are sourced from reliable outlets, primarily located in Karachi and Multan.
For the latest and most accurate information on gold prices, individuals are encouraged to consult local gold merchants and jewellers.
