KARACHI – Gold rates in Pakistan continued to increase for a second consecutive day of running business week in line with rising international prices.
According to information provided by the All Pakistan Gems and Jewellers Association, the price of gold increased by a staggering Rs2,400 a tola, closing at Rs249,700.
Similarly, the cost of ten grams of gold increased by Rs 2,057 to Rs 214,077. The price of an ounce of gold jumped by $20 on the global market, closing at $2,371.
Read More: Gold prices drop in Pakistan; Check latest rate here
The price of yellow metal in the local market hit Rs247,300 on the first working day of the week, following a rise of Rs800 in a single day. The cost of ten grams of 24-karat gold increased by Rs686 on Monday, making the current price Rs212,020.
Read More: Gold Rate in Pakistan today- 18 April, 2024
On Monday, the price of 10 grams of 24-karat gold saw an increase of Rs686 and the new rate stands at Rs212,020.
Furthermore, the price of 10 grams of 22-karat gold also showed a surge to trade at Rs194,351.
These fluctuations are strongly correlated with shifts in the US dollar’s value, demonstrating the tight connection between gold prices and exchange rates. This emphasizes how local gold markets are impacted by variables related to the global economy.
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued a warning for mobile phone users against…
ISLAMABAD: Iranian President Dr. Masoud Peshkeskian met President Asif Ali Zardari and Prime Minister Shehbaz…
ISLAMABAD: The government has approved a reduction in advance tax rates on property buyers and…
RAWALPINDI: Chief of Army Staff, Field Marshal Syed Asim Munir, met with Iranian President Masoud…
LAHORE: Following the reduction of petroleum prices, solar panels and batteries witnessed a sharp fall…
ISLAMABAD: State Bank of Pakistan (SBP) has declared a two-day public holiday for Ashura (9th &…