Karachi: Gold prices in Pakistan increased once again, with the cost of 24-karat gold reaching Rs232,400 per tola after a notable increase of Rs4,600 on Thursday.
Similarly, the price for 10 grams of 24-karat gold rose by Rs3,943 to stand at Rs199,245, while 10 grams of 22-karat gold also experienced an upward trajectory, now trading at Rs182,642.
These fluctuations are directly correlated with shifts in the value of the US Dollar, highlighting the intimate connection between currency fluctuations and gold prices, dealers noted. This emphasizes the profound impact of global economic dynamics on local gold markets.
The price of 24-karat silver currently sits at Rs2,600, marking a modest appreciation of Rs20. Internationally, gold prices surged by $47, reaching $2,225 per ounce.
It is crucial to acknowledge that gold rates in Pakistan can fluctuate significantly within the day, influenced by trends in the global market. The provided rates are obtained from reliable sources, primarily located in Karachi and Multan.
For the latest and most accurate information on gold prices, individuals are encouraged to consult local gold merchants and jewellers.