On Monday, the gold market in Pakistan saw a Rs700 increase, resulting in increased gold prices overall. The price of 24 carat gold hit Rs215,800 per tola.
Gold dealers also reported a Rs600 increase in the price of 10 grams of 24-karat gold, which is now retailing at Rs185,014. Furthermore, the price of 10 grams of 22-karat gold increased, reaching Rs169,596.
These oscillations in gold rates are strongly related to changes in the value of the US dollar, revealing the complex relationship between currency values and gold prices. This relationship emphasizes the influence of global economic variables on local gold markets.
In comparison, the price of 24-karat silver held steady at Rs2,570. Internationally, the global gold price decreased by $2 to reach $2,054 per ounce.
It’s important to note 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.
