On Monday, the gold prices in Pakistan experienced a massive increase, taking the cost of 24-karat gold to Rs237,600 per tola after reporting a price rise of Rs2,800.
Dealers reported a similar hike in the price of 10 grams of 24-karat gold, which has gone up by Rs2,401 to now trade at Rs203,704. Furthermore, the price of 10 grams of 22-karat gold also saw an upward trend to trade at Rs186,728.
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: Indian gold rates hit record high as demand declines
The price of 24-karat silver is currently standing at Rs2,600. Internationally also, the gold price saw a significant rise of $24, reaching $2,278 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.
