Advertisement
Categories: BusinessNews

Pakistan Witnesses Massive Surge in Gold Prices

Advertisement

On Saturday, gold prices in Pakistan witnessed a significant surge, increasing by Rs3,500 and impacting gold rates nationwide.

The cost of 24-karat gold soared to Rs220,300 per tola as dealers observed a corresponding uptick in the price of 10 grams of 24-karat gold, which rose by Rs3,001 to trade at Rs188,872. Similarly, the price of 10 grams of 22-karat gold also experienced an upward trend, reaching Rs173,132.

These fluctuations are intricately linked to changes in the value of the US Dollar, highlighting the intricate relationship between currency values and gold prices. This underscores the influence of global economic factors on local gold markets.

Moreover, the price of 24-karat silver also witnessed a notable increase, rising by Rs30 to trade at Rs2,600. Internationally, the gold price experienced a significant surge of $36, reaching $2,103 per ounce.

It’s imperative to recognize that gold rates in Pakistan can fluctuate significantly throughout the day, influenced by trends in the global market. The provided gold rates are sourced from reputable sources, primarily based in Karachi and Multan

Advertisement
Zayn

Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

Recent Posts

SIMPACT 2026 Brings AI to the Forefront of Simulation Education

The Aga Khan University's (AKU) Centre for Innovation in Medical Education (CIME), Karachi, hosted SIMPACT…

4 hours ago

Meezan Bank Continues Blood Donation Drive in Partnership with The Indus Hospital

Meezan Bank, Pakistan's premier Islamic bank, once again partnered with The Indus Hospital & Health…

6 hours ago

Mobilink Bank and Yango Partner to Provide Shariah-Compliant Financing for Drivers in Pakistan

Pakistan’s leading digital microfinance bank, Mobilink Bank, and Yango, part of the global technology company…

3 weeks ago

Pakistani Freelancers’ Earnings Expected to reached $2.5 B in the Current Fiscal Year

Pakistan’s freelancing market is rapidly emerging, and the export earnings of Pakistani freelancers are expected…

3 weeks ago

Spotify Celebrates Atif Aslam’s Subah Aye Na with Fans and Artists in Karachi

To celebrate the release of Atif Aslam’s highly anticipated new album, Subah Aye Na, Spotify…

3 weeks ago

Supernet Technologies set to raise 915 million to strengthen its working capital for growing projects!

KARACHI: Supernet Technologies Limited (STL) is looking to strengthen its working-capital capacity as a growing…

3 weeks ago