Following a five-day period of fall, 24-karat gold prices in Pakistan ended on Monday, rising marginally by Rs800 to Rs240,800 per tola.
The price of 10 grams of 24-karat gold increased by Rs686 to trade at Rs206,477, according to dealers, and this increase was comparable. In addition, the price of ten grams of 22-karat gold decreased to Rs189,243 on the open market.
As a result of the strong correlation between currency values and gold prices, these fluctuations are directly correlated with shifts in the US dollar’s value. This highlights the effect that factors pertaining to the global economy have on regional gold markets.
24 carat silver, on the other hand, continued to trade at Rs 2,800. Gold prices saw an increase of $10 globally as well, coming in at $2,343 an ounce.
Important to understand is that, due to fluctuations in the international market, gold prices in Pakistan can change dramatically throughout the day. Reputable sources, mostly situated in Karachi and Multan, are the source of the gold rates supplied.
It is advisable that people contact their local jewelers and gold merchants for the most accurate and up-to-date information on gold pricing.
