The price of gold in Pakistan continued its upward trend on Monday, with a notable increase of Rs 700 per tola. This surge led to higher prices across various categories of gold.
For instance, the price of 10 grams of 24-karat gold rose by Rs 600, now trading at Rs 185,014. Similarly, the price of 10 grams of 22-karat gold also saw an increase, reaching Rs 169,596.
These fluctuations in gold rates are mainly influenced by changes in the value of the US Dollar.
Indicating the close connection between currency values and gold prices. This relationship underscores how global economic factors impact local gold markets.
However, in contrast to gold, the price of 24-karat silver remained stable at Rs 2,570. Internationally, the global gold price experienced a slight decrease of $2, reaching $2,054 per ounce.
It’s essential to understand that gold rates in Pakistan can vary significantly throughout the day due to trends in the global market.
Therefore, individuals seeking the latest and most accurate information on gold prices are advised to consult local gold merchants and jewelers.