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The US dollar (USD) became more expensive in the interbank market today, as the local currency faced pressure on the third trading day of the week.
According to forex dealers, the USD rose by Rs 0.26 paise in interbank trading, pushing the closing rate to Rs282.47 against the Pakistani rupee (PKR).
In another news, gold rates in Pakistan increased by Rs600 per tola today, according to the All Pakistan Sarafa Gems and Jewellers Association, reflecting both local demand and global market shifts.
Following this rise, the new price of gold per tola now stands at Rs3,52,900. This upward movement continues a recent trend in gold valuation across local exchange markets.
Similarly, the price of 10 grams of gold increased by Rs514, reaching Rs3,02,297, as reported by the same association earlier today.
Meanwhile, on the international front, gold prices also experienced a slight increase. Rates went up by $6 per ounce, bringing the global price to $3,345 an ounce.
The increase in gold rates is often linked to changes in currency values, economic uncertainty, or rising international gold demand, especially in major markets like the Middle East and Asia.
This new price surge may affect jewelry buyers and small investors who traditionally see gold as a safe asset, particularly during inflation and rupee devaluation.
Last week, Gold prices in Pakistan moved up in line with the upward trend in international markets on June 4, 2025, according to the Saraffa Association.
The gold prices remained stable in Karachi on Wednesday, offering no major fluctuations in both local and international markets.
