On Monday, the gold prices in Pakistan broke the five-day cycle of decline, taking the cost of 24-karat gold to Rs240,800 per tola after reporting a minor price increase of Rs800.
Dealers reported a similar increase in the price of 10 grams of 24-karat gold, which rose by Rs686 to trade at Rs206,477. Furthermore, the price of 10 grams of 22-karat gold also saw a price drop to trade at Rs189,243.
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 prices in Pakistan experience continuous decline
The price of 24-karat silver, however, remained stable at Rs2,800. Internationally also, the gold price witnessed a rise of $10, reaching $2,343 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.
