On Wednesday, the gold rates in Pakistan took a sudden pump, moving the cost of 24-karat gold to Rs242,000 per tola after seeing a price rise of Rs1100.
Dealers reported a similar rise in the price of 10 grams of 24-karat gold, which has gone up by Rs943 to now trade at Rs207,476. Furthermore, the price of 10 grams of 22-karat gold also showed a rise to trade 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 sharp decline
The price of 24-karat silver is currently standing at Rs2,650. Internationally also, the gold price saw a price pump of $11, reaching $2,320 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.
