On Wednesday, the gold price in Pakistan experienced notable gains, with the 24-karat gold increasing by Rs1,000 per tola, reaching Rs220,600.
The Karachi Sarafa Association reported a gain of Rs857 for the 10-gramme 24-karat gold, priced at Rs189,129, while the 10-gramme 22-karat gold stood at Rs173,369.
It’s worth mentioning that 24-karat gold had risen by Rs2,500 per tola the previous week.
Additionally, silver prices saw an uptick today, with 24-karat silver and 10-gramme 24-karat silver gaining Rs30 and Rs25.72, respectively, being sold at Rs2,680 and Rs2,297.66.
Internationally, spot gold is currently trading at $2,066.85, marking a 0.04 per cent increase, while spot silver is at $24.13, reflecting a -0.25 per cent change.
Notably, fluctuations in global prices, coupled with shifts in the interbank exchange rate of the Pakistani rupee, impact the domestic gold market.
The PKR is maintaining its winning streak against the US dollar, trading at PKR 281.98/282.37 per USD in its 11th consecutive session.
