On Thursday, gold prices in Pakistan saw a minor increase, reflecting a significant rise in the cost of the precious metal. The price of 24-karat gold rose by Rs100, reaching Rs215,300 per tola.
Similarly, the price of 10 grams of 24-karat gold also went up by Rs85, now standing at Rs184,585. Meanwhile, 10 grams of 22-karat gold is priced at Rs169,203.
These fluctuations in gold rates are closely tied to changes in the value of the US Dollar, underlining the strong relationship between currency values and gold prices.
This correlation underscores how global economic factors impact local gold markets.
The price of 24-karat silver is currently trading at Rs2,570.
Internationally, the global gold price also experienced a slight increase, going up by $3 to settle at $2,051 per ounce.
It's worth noting that gold rates in Pakistan can change significantly throughout the day, influenced by trends in the global market.
These gold rates are sourced from reliable outlets, primarily based in Karachi and Multan.
For the most accurate and up-to-date information on gold prices, individuals are advised to consult local gold merchants and jewellers.
