On Thursday, following a big drop, gold prices in Pakistan increased by Rs900. This drop influenced gold rates across the country, raising the price of 24-karat gold to Rs215,700 per tola.
Dealers noted a matching increase in the price of 10 grams of 24-karat gold, which rose by Rs722 and is now trading at Rs184,928. Similarly, the price of 10 grams of 22-karat gold rose to Rs169,517.
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.
In comparison, the price of 24-karat silver held steady at Rs2,570. Internationally also, the global gold price saw a minor increase of $9, reaching $2,057 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.
Individuals should consult with local gold merchants and jewelers for the most current and accurate information on gold prices.
