On Monday, gold prices in Pakistan remained stable, with the cost of 24-karat gold standing at Rs214,300 per tola.
Dealers noted a steady rate for 10 grams of 24-karat gold, priced at Rs183,728, while the price of 10 grams of 22-karat gold also remained unchanged at Rs168,416.
These fluctuations in gold rates are closely linked to changes in the value of the US Dollar, showcasing the intricate relationship between currency values and gold prices. This underscores the influence of global economic factors on local gold markets.
Read more: Rupee strengthens further against US Dollar
In contrast, the price of 24-karat silver remained steady at Rs2,600.
Internationally, the global gold price experienced a minor decrease, dropping by $2 to settle at $2,043 per ounce.
It's important to recognize that gold rates in Pakistan can undergo significant changes throughout the day, reflecting trends in the global market.
The provided gold rates are sourced from reliable sources, 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 jewelers.