Gold price in Pakistan up by Rs2700 to Rs 223,900/tola on March 5

KARACHI: Gold price of 24 karat in Pakistan further went up by Rs2700 to Rs 223,900 per tola in the local market on Tuesday (March 5).

All Pakistan Jewellers Manufacturers Association (APJMA) said that similarly, per 10 grams price of gold in the domestic market is increased by Rs2315 to Rs191, 958.

The price of gold in the international market rose by 29 US dollars to 2,067 US dollars per ounce.

Meanwhile, the price of silver remained stable at Rs2,600 a tola.

These changes in the price have a strong correlation with fluctuation in the US dollar’s value, demonstrating the complex connection between gold prices and exchange rates. This emphasizes how local gold markets are impacted by variables related to the global economy.