On Monday, the gold market in Pakistan witnessed a significant increase, leading to a surge in gold prices. The price of 24-karat gold rose by Rs1500, reaching Rs215,400 per tola.
Gold dealers reported a corresponding increase in the rate of 10 grams of 24-karat gold, with a rise of Rs1286, now being sold at Rs184,671.
Additionally, 10 grams of 22-karat gold saw an uptick in price, reaching Rs169,282.
These fluctuations in gold prices are closely linked to changes in the value of the US Dollar, underlining the intricate relationship between currency values and gold prices.
This connection highlights the impact of global economic factors on local gold markets.
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In contrast, the price of 24-karat silver remained stable at Rs2,600.
Internationally, the global gold price also experienced an increase, rising by $12 to settle at $2,050 per ounce.
It's essential to note that gold rates in Pakistan can undergo significant variations throughout the day, influenced by trends in the global market.
The provided rates are sourced from reliable outlets, primarily located in Karachi and Multan.
For the most up-to-date and accurate information on gold rates, individuals are advised to consult with local gold merchants and jewellers.
Staying well-informed about the dynamic nature of gold prices in Pakistan is crucial for those interested in staying abreast of market trends.
