Dealers reported a comparable increase in the price of 10 grams of 24-karat gold, which is currently trading at Rs214,077 after rising by Rs2057. In addition, the cost of ten grams of 22-karat gold increased significantly, trading at Rs 196,238.
These fluctuations are strongly correlated with shifts in the US dollar’s value, demonstrating the tight connection between gold prices and exchange rates. This emphasizes how local gold markets are impacted by variables related to the global economy.
At present, the cost of 24-karat silver is Rs 2,650. Additionally, the price of gold increased by $20 globally, to $2,391 an ounce.
It’s crucial to understand that gold prices in Pakistan can change dramatically.
