Gold Price Increases Rs2,400 Per Tola In Pakistan

Gold prices in Pakistan continued to rise for the second straight day this business week, reflecting an increase in global market rates.

Data from the All Pakistan Gems and Jewellers Association indicated that the per tola price of gold jumped by a substantial Rs2,400, closing at Rs249,700.

Read more: Gold Rates In Pakistan Experience Downward Trend

Additionally, the price for 10 grams of gold rose by Rs2,057, ending at Rs214,077.

Internationally, gold prices also climbed by $20 per ounce, finishing at $2,371.

Locally, on the first business day, gold prices had already advanced by Rs800, bringing the per tola rate to Rs247,300.

On Monday, the price for 10 grams of 24-karat gold increased by Rs686, setting the new price at Rs212,020, while 10 grams of 22-karat gold escalated to Rs194,351.

These price fluctuations are closely tied to shifts in the US Dollar value, highlighting the strong connection between currency fluctuations and gold prices, and emphasizing how global economic conditions influence local gold markets.