On Saturday, the gold market in Pakistan witnessed an increase of Rs1,000, resulting in higher gold prices across the board. The cost of 24-karat gold reached Rs215,100 per tola.
Gold dealers also observed a corresponding increase in the rate of 10 grams of 24-karat gold, with an increase of Rs858, which is now trading at Rs184,414. Furthermore, the price of 10 grams of 22-karat gold also saw a rise, reaching Rs169,046.
These fluctuations in gold rates are closely tied to changes in the value of the US Dollar, demonstrating the intricate relationship between currency values and gold prices. This connection highlights the impact of global economic factors on local gold markets.
In contrast, the price of 24-karat silver remained stable at Rs2,570. Internationally, the global gold price increased by $16 to reach $2,056 per ounce.
It’s important to note that gold rates in Pakistan can undergo significant changes throughout the day, influenced by trends in the global market. The provided gold rates are obtained from reliable sources, primarily located in Karachi and Multan.
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