On Saturday, the fluctuating gold market in Pakistan witnessed another increase of Rs950, with the price of 24-karat gold reaching Rs217,450 per tola. According to gold dealers, the rate of 10 grams of 24-karat gold also increased by Rs814 and was being sold at Rs186,428. Moreover, 10 grams of 22-karat gold was being sold for Rs170,893 These fluctuations are closely tied to changes in the value of the US Dollar, highlighting the intricate relationship between currency values and gold prices.  On the other hand, the price of 24-karat silver remained stable at Rs2,650. On the global stage also, the gold price also increased by $12 to settle at $2,068 per ounce.

It's noteworthy that gold rates in Pakistan can undergo significant variations throughout the day, influenced by trends in the global market. The provided rates are sourced from reliable outlets, primarily situated in Karachi and Multan. For the latest and most accurate gold rates, it is recommended to consult with local gold merchants and jewellers. Remaining well-informed about the dynamic nature of gold prices in Pakistan is crucial for individuals keen on staying abreast of market trends.

Credit: Independent News Pakistan (INP)