Gold prices in Pakistan rose sharply on Friday, resulting in a significant increase in the cost of gold. The price of 24-karat gold has risen by Rs1300, to Rs212,400 per tola.
As a result, the price of 10 grams of 24-karat gold climbed by Rs1115, and it currently trades for Rs182,099. However, the price of 10 grams of 22-karat gold fell, hitting Rs166,924.
These oscillations in gold rates are strongly related to changes in the value of the US dollar, demonstrating the complex link between currency values and gold prices.
This relationship emphasizes the importance of global economic dynamics in local gold markets.
Unlike gold, the price of 24-karat silver stayed stable at Rs2,580.
Internationally, the world gold price rose by $12, settling at $2,025 per ounce.
It’s crucial to understand that gold rates in Pakistan can fluctuate dramatically during the day, affected by worldwide market movements.
Gold rates are acquired from credible sources, particularly in Karachi and Multan.
Individuals should contact with local gold merchants and jewellers for the most up-to-date and accurate gold pricing information.