Gold price in Pakistan once again sees huge increase

gold prices in Pakistan

ISLAMABAD, MAY 29: The gold prices in Pakistan once again started to increase, taking the cost of 24-karat gold to Rs242,700 per tola after reporting a minor price increase of Rs2,400.

Dealers reported a similar increase in the price of 10 grams of 24-karat gold, which rose by Rs2,058 to trade at Rs208,076. Furthermore, the price of 10 grams of 22-karat gold also saw a price hike to trade at Rs190,736.

These movements are closely linked to changes in the value of the US Dollar, indicating the close relationship between currency values and gold prices. This underscores the impact of global economic factors on local gold markets.

The price of 24-karat silver also saw an increase of Rs100 and traded at Rs2,900. Internationally, the gold price witnessed a jump of $13, reaching $2,352 per ounce.

It’s very important to recognize that gold rates in Pakistan can vary significantly throughout the day, influenced by trends in the global market. The provided gold rates are sourced from reputable sources, primarily based in Karachi and Multan.

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