Gold prices in Pakistan experienced a major increase on Monday, with the price of 24-karat gold rising by Rs1,100, reaching Rs214,300 per tola.
As per the Gem and Jewellers Association. the rate of 10 grams of 24-karat gold also increased by Rs943, and is now trading at Rs183,728.
These fluctuations in gold rates are closely tied to changes in the value of the US Dollar, showcasing the intricate relationship between currency values and gold prices.
Also Read: Price of gold in Pakistan continues to rise
This connection underscores the impact of global economic factors on local gold markets.
Internationally also, the global gold price saw an increase, rising by $8 to settle at $2,042 per ounce.
It's important to recognize that gold rates in Pakistan can undergo significant changes throughout the day, influenced by trends in the global market.
The provided gold rates are obtained from reliable sources, primarily located in Karachi and Multan.
For the latest and most accurate information on gold prices, individuals are advised to consult local gold merchants and jewellers.
