On Tuesday, gold prices in Pakistan rose sharply again, with the cost of 24-karat gold reaching Rs223,900 per tola, up Rs2,700.
Dealers reported a matching increase in the price of 10 grams of 24-karat gold, which rose by Rs2,315 and is now trading at Rs191,958. Similarly, the price of 10 grams of 22-karat gold rose to Rs175,962.
These movements are strongly related to changes in the value of the US dollar, highlighting the complex relationship between currency values and gold prices. This highlights the impact of global economic variables on domestic gold markets.
However, the price of 24-karat silver has remained steady at Rs2,600. Internationally, the gold price rose by $29 to $2,135 per ounce.
It is critical to know that gold prices in Pakistan can fluctuate dramatically throughout the day, affected by worldwide market movements. The gold rates offered are from reliable sources, particularly in Karachi and Multan.
