On Wednesday, market rates increased as gold prices in Pakistan increased for the second day in a row. The price of a tola of 24-karat gold increased by Rs. 400 to Rs. 215,500.
The price of 10 grammes of 24-karat gold increased by Rs343, to be sold at Rs184,756, according to gold dealers.
In a similar vein, the cost of ten grammes of 22-karat gold decreased and came to Rs169,360.
On Wednesday, market rates increased as gold prices in Pakistan increased for the second day in a row. The price of a tola of 24-karat gold increased by Rs. 400 to Rs. 215,500.
The price of 10 grammes of 24-karat gold increased by Rs343, to be sold at Rs184,756, according to gold dealers.
In a similar vein, the cost of ten grammes of 22-karat gold decreased and came to Rs169,360.
In addition, the price of 24-karat silver stayed at Rs 2,600.
Additionally, the price of gold increased by $5 globally, trading at $2,053 per ounce on Wednesday.
The complicated relationship between currency values and gold prices is highlighted by the strong correlation between these swings in gold rates and shifts in the US dollar’s value.
This relationship emphasises how local gold prices are impacted by variables related to the global economy.
It is noteworthy that fluctuations in the worldwide market can have a substantial impact on gold prices in Pakistan during the day.
The gold rates that are offered are obtained from trustworthy sources, most of which are situated in Karachi and Multan.
