Another Big Jump in Gold Prices in Pakistan

Gold prices

On Monday, gold prices in Pakistan experienced another significant rise, pushing the cost of 24-karat gold to Rs250,400 per tola following a Rs2,300 increase. This surge also impacted the price of 10 grams of 24-karat gold, which climbed by Rs1,972 to Rs214,678. Additionally, the price of 10 grams of 22-karat gold saw an upward trend, trading at Rs196,788.

The recent movements in gold prices are closely tied to fluctuations in the US Dollar’s value, highlighting the strong relationship between currency valuations and gold prices. This trend underscores the influence of global economic factors on local gold markets.

In contrast, the price of 24-karat silver remained steady at Rs2,850 per tola. Internationally, gold prices also saw a notable increase, with a $25 rise bringing the price to $2,439 per ounce.

It is important to note that gold rates in Pakistan can vary significantly throughout the day due to global market trends. The provided gold rates are sourced from reputable outlets, primarily based in Karachi and Multan.

For the most current and accurate information on gold prices, individuals are advised to consult local gold merchants and jewellers.