Gold price increases in Pakistan for second day in a row

Karachi: The price of 24 karat gold has increased to settle at Rs202,000 per tola in Pakistan, while the price of 22 karat gold is Rs185,167 per tola today (Tuesday).

According to details, 10 grams of 24 karat gold costs Rs173,182, and 10 grams of 22 karat gold costs Rs158,751.

Due to the rise and fall of gold prices in the global market led by Israeli-Palestinian tension, the trend of increasing the price of gold continues for the third day in a row in the world and local markets.

According to international media, after the war between Hamas and Israel, the price of gold in the international market has also been affected and started to increase again. The price of gold per ounce increased by nine dollars in the global market today (Tuesday).

According to the report, the price reached $1861 dollars after increasing by $9 per ounce in the international market today.

Since September 7, the price of gold has increased by about 33 dollars per ounce after which it has risen from $1828 dollars to settle at $1861 dollars per ounce in the international market.

It is pertinent to note that earlier, due to the influence of the government's actions and the global market, the price of gold had decreased in the exchange markets. The official gold rates provided by All Pakistan Jewelers Association have not been updated since September 12, 2023.