Pakistan’s gold prices suddenly increase

The price of 24-karat gold increased by Rs1100 on Wednesday, which marked a sharp increase in the metal’s value. A tola of 24-karat gold now costs Rs242,000.

The cost of 10 grams of 24-karat gold has increased by Rs943 to trade at Rs207,476; nevertheless, dealers have reported a comparable reduction. Moreover, the cost of ten grams of 22-karat gold increased to trade at Rs190,186.

As a result of the strong correlation between currency values and gold prices, these fluctuations are directly correlated with shifts in the US dollar’s value. This highlights the effect that factors pertaining to the global economy have on regional gold markets.

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