Gold prices increase in Pakistan

ISLAMABAD: The gold market in Pakistan witnessed a significant increase of Rs 1500, leading to a surge in gold prices on Monday.

The price of 24-karat gold rose by Rs1500, reaching Rs215,400 per tola.

Gold dealers reported a corresponding increase in the rate of 10 grams of 24-karat gold, with a rise of Rs1286, now being sold at Rs184,671.

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Additionally, 10 grams of 22-karat gold saw an uptick in price, reaching Rs169,282.

These fluctuations in gold prices are closely linked to changes in the value of the US Dollar, underlining the intricate relationship between currency values and gold prices.

This connection highlights the impact of global economic factors on local gold markets.