Gold prices in Pakistan surged on Wednesday, marking a considerable uptick in the cost of the precious metal. The price of 24-karat gold climbed by Rs750, reaching Rs215,200 per tola. Additionally, the 10 grams of 24-karat gold price also rose by Rs644, now standing at Rs184,500. Meanwhile, 10 grams of 22-karat gold is priced at Rs169,124. These fluctuations in gold rates are intricately linked to changes in the value of the US Dollar, highlighting the close relationship between currency values and gold prices. This correlation emphasizes the influence of global economic factors on local gold markets. The price of 24-karat silver is currently trading at Rs2,570. On the international front, the global gold price also experienced an uptick, increasing by $6 to settle at $2,048 per ounce. It's important to note that gold rates in Pakistan can undergo significant changes throughout the day, influenced by trends in the global market. The provided gold rates are sourced from reliable outlets, primarily based in Karachi and Multan. For the most accurate and up-to-date information on gold prices, individuals are encouraged to consult local gold merchants and jewellers.

Credit: Independent News Pakistan (INP)