On Thursday, gold prices in Pakistan surged significantly, pushing the cost of 24-karat gold to Rs243,000 per tola, marking a rise of Rs2,400.
Dealers also reported a similar increase in the price of 10 grams of 24-karat gold, which rose by Rs2,057 to trade at Rs208,333. Additionally, the price of 10 grams of 22-karat gold showed an upward trend, reaching Rs190,972.
Read more: Current Gold Prices In Pakistan On June 4, 2024
These fluctuations are closely linked to changes in the US Dollar’s value, highlighting the strong correlation between currency fluctuations and gold prices. This underscores the impact of global economic factors on local gold markets.
The price of 24-karat silver, however, remained steady at Rs2,800. Internationally, the price of gold surged by $30, reaching $2,362 per ounce.
It’s essential to note that gold rates in Pakistan can vary significantly throughout the day, influenced by global market trends. The provided gold rates are obtained from reputable sources, mainly based in Karachi and Multan.
