Price of Gold Rises by Rs 1,300 per tola

admin February 16, 2024

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KARACHI: The price of gold increased noticeably on Friday as a result of an uptick in Pakistani gold prices. 24-karat gold now costs Rs212,400 per tola, an increase of Rs1,300.

In line with this, the price of 10 grams of 24-karat gold went up by Rs1,115, making it currently trade at Rs182,099. But the cost of 10 grams of 22-karat gold dropped, coming in at Rs166,924.

The complex relationship between currency values and gold prices is demonstrated by the close correlation between these fluctuations in gold rates and shifts in the US dollar’s value.

This relationship emphasizes how local gold prices are impacted by variables related to the global economy. 24-karat silver, in contrast to gold, continued to trade at Rs2,580.

Around the world, the price of gold increased as well, climbing $12 to $2,025 per ounce. Trends in the international market can have a big impact on Pakistan’s gold prices throughout the day.

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