On Monday, the gold rates in Pakistan witnessed a nominal increase of Rs500, taking the cost of 24-karat gold to Rs242,000 per tola.
Dealers reported a similar inclining trend in the price of 10 grams of 24-karat gold, which was available for Rs207,476 after witnessing a jump of Rs429 in its price. Furthermore, the price of 10 grams of 22-karat gold also displayed a similar increase and was available at Rs190,186.
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 witness slight decrease
The price of 24-karat silver, however, remained stable at Rs2,850. Internationally, the gold price witnessed a slight increase of $8 and was available at $2,328 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.
