Gold rates move up slightly after Eidul-Fitr

KARACHI: The gold rates in Pakistan on Monday witnessed a slight rise of Rs 800 after Eid holidays raising the cost of 24-karat gold to Rs247,300 per tola.

Dealers reported a similar rise in the price of 10 grams of 24-karat gold, which has gone up by Rs686 to now trade at Rs212,020. Furthermore, the price of 10 grams of 22-karat gold also showed a surge to trade at Rs194,351.

Stock Market opens on a high note after Eid holidays

These movements are closely linked to changes in the value of the US Dollar, indicating the close relationship between currency values and gold prices. This underscores the impact of global economic factors on local gold markets.