On Thursday, the gold rates in Pakistan saw a big jump, moving the cost of 24-karat gold to Rs243,000 per tola after recording a price rise of Rs2,400.
Dealers reported a similar rise in the price of 10 grams of 24-karat gold, which has gone up by Rs2,057 to now trade at Rs208,3333. Furthermore, the price of 10 grams of 22-karat gold also displayed an upward trend to trade at Rs190,972.
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 see minor fall
The price of 24-karat silver, however, remained stable at Rs2,800. Internationally, the gold price experienced a jump of $30, reaching $2,362 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.
