The price of yellow metal in the local market hit Rs247,300 on the first working day of the week, following a rise of Rs800 in a single day.
The cost of ten grams of 24-karat gold increased by Rs686 on Monday, making the current price Rs212,020.
In addition, the cost of 10 grams of 22-karat gold increased significantly, trading at Rs194,351.
These fluctuations are strongly correlated with shifts in the US dollar’s value, demonstrating the tight connection between gold prices and exchange rates. This emphasizes how local gold markets are impacted by variables related to the global economy.
The price of the precious metal dropped $16 on the international market on Monday, hitting $2,348 per ounce.
