On Saturday, the gold prices in Pakistan saw a massive increase, taking the cost of 24-karat gold to Rs248,100 per tola after reporting a price hike of Rs3,100.
Dealers reported a related increase in the price of 10 grams of 24-karat gold, which has jumped up by Rs2,658 to now trade at Rs212,706. Furthermore, the price of 10 grams of 22-karat gold also saw a bullish trend to trade at Rs194,980.
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 rates in Pakistan edge lower in recent trading sessions
The price of 24-karat silver saw a significant increase of Rs120 and is currently standing at Rs2,850. Internationally also, the gold price witnessed a big hike of $30, reaching $2,414 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.
