Pakistan’s gold prices continue to soar sharply.

The cost of 24-karat gold increased by Rs1,500 on Wednesday, bringing the total cost to Rs225,400 per tola. On Tuesday, the price of gold in Pakistan maintained its rapid rise.

Dealers noted that the price of 10 grams of 24-karat gold increased in tandem, rising by a staggering Rs1,286 to trade at Rs193,244. In a similar vein, the price of ten grams of 22-karat gold increased and was trading at Rs 177,140.

These oscillations have a strong correlation with shifts in the US dollar’s value, demonstrating the complex interplay between gold prices and exchange rates. This emphasizes how local gold markets are impacted by variables related to the global economy.