On Thursday, the gold prices in Pakistan showed a massive increase, taking the cost of 24-karat gold to Rs232,400 per tola after reporting a jump of Rs4,600.
Dealers reported a similar hike in the price of 10 grams of 24-karat gold, which has gone up by Rs3,943 to now trade at Rs199,245. Furthermore, the price of 10 grams of 22-karat gold also saw an upward trend to trade at Rs182,642.
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.
Read more: Gold hits fresh record above $2,200 on rate cut hopes
The price of 24-karat silver is currently standing at Rs2,600 after a good appreciation by Rs20. Internationally also, the gold price saw a significant rise of $47, reaching $2,225 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.
