Gold prices climb up in Pakistan as investors flock to safe-haven

LAHORE – Gold prices moved up after falling for 3 back to back sessions amid positive global cues.
Data shared by sarafa association suggests that gold market witnessed surge of Rs1,000, with 24-karat precious metal soaring again to Rs218,000 per tola.

It said the rate of 10 grams of 24-karat gold saw gains of around Rs860 and the new value stands at Rs186,900.

The ups and downs in prices of yellow metal stemmed from changes in the value of the US Dollar, showing the complex ties between currency values and gold prices.
In the international market, the price of gold surged by $7, reaching $2,065 per ounce. Gold rates in Pakistan can change significantly throughout the day, influenced by global market trends.
For decades, Gold remained a safe commodity with people continue to invest in the metal amid crisis.

Currency exchange rates in Pakistan today – January 6, 2024