Gold prices in Pakistan are on the rise again, and you might be wondering why. Well, it’s all about the US Dollar and how it’s shaking things up in the gold market.
Here’s the lowdown: Recently, the price of 24-karat gold shot up to Rs229,400 per tola, jumping by Rs1,200. That’s a pretty big leap! And if you’re into smaller quantities, the price for 10 grams of 24-karat gold also went up by Rs1,029, now sitting at Rs196,674. Even 22-karat gold saw a bump, reaching Rs180,284 for 10 grams.
Now, why is this happening, you ask? It all boils down to the US Dollar. When its value goes up or down, it directly affects how much gold costs. It’s like a seesaw – when one side goes up, the other comes down. So, as the Dollar fluctuates, so do our gold prices.
But wait, there’s more! The price of 24-karat silver is holding steady at Rs2,580. And internationally, gold prices rose a tad, hitting $2,193 per ounce.
Here’s the kicker: Gold rates in Pakistan can change faster than you can say “bling”! They’re super sensitive to what’s happening in the global market. So, if you’re keeping an eye on your gold investments, it’s essential to stay in the loop with local gold merchants and jewellers.
Stay tuned for more updates on the gold rush happening right here in Pakistan!
