On Saturday, the gold prices in Pakistan experienced a huge increase of Rs3,500. This increase impacted gold rates across the country, pushing the cost of 24-karat gold to Rs220,300 per tola.
Dealers observed a corresponding increase in the price of 10 grams of 24-karat gold, which also saw a massive rise of Rs3,001, now trading at Rs188,872. Similarly, the price of 10 grams of 22-karat gold also saw an upward trend to trade at Rs173,132.
These fluctuations are closely linked to changes in the value of the US Dollar, indicating the intricate relationship between currency values and gold prices. This underscores the influence of global economic factors on local gold markets.
Read more: Gold prices per tola shatter previous record in Pakistan
The price of 24-karat silver also saw a record rise of Rs30 to trade at Rs2,600. Internationally also, the gold price saw a major increase of $36, reaching $2,103 per ounce.
It's essential to recognize that gold rates in Pakistan can vary significantly throughout the day, influenced by trends in the global market. The provided gold rates are sourced from reputable sources, primarily based in Karachi and Multan.
For the most up-to-date and accurate information on gold prices, individuals are advised to consult local gold merchants and jewelers.
