On Wednesday, the gold prices in Pakistan showed continues rising, taking the cost of 24-karat gold to Rs227,800 per tola after reporting a decline of Rs500.
Dealers reported a similar rise in the price of 10 grams of 24-karat gold, which also saw a rise in price of Rs429, now trading at Rs195,302. Furthermore, the price of 10 grams of 22-karat gold also saw an upward trend to trade at Rs179,027.
These movements are closely linked to changes in the value of the US Dollar, indicating the close relationship between currency values and gold prices. This underscores the impact of global economic factors on local gold markets.
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The price of 24-karat silver is currently trading at Rs2,580. Internationally also, the gold price saw a modest rise of $5, reaching $2,178 per ounce.
It's very important 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 jewellers.
