The gold market in Pakistan continues to maintain its steady position, with prices holding firm at Rs240,300 per tola for 24-karat gold. This stability reflects broader economic trends and offers insight into the current financial landscape in the country. Although the price remains consistent, it’s important to note that it is Rs3,000 lower than its actual value, indicating a drop due to reduced purchasing power among consumers.
Domestic Gold Prices
The Karachi Sarafa Association has provided the latest figures for gold in Pakistan. As of Monday, 24-karat gold is priced at Rs206,019 per 10 grams. Additionally, 22-karat gold is available at Rs188,850 per 10 grams. These prices demonstrate the resilience of gold in the domestic market despite external financial pressures.
Silver Prices Remain Unchanged
Similarly, silver prices in Pakistan have also remained stable. The price for 24-karat silver stands at Rs2,900 per tola, with a price of Rs2,486.28 per 10 grams. This consistency in silver prices mirrors the trend observed in the gold market, showing little fluctuation.
International Gold Market Update
On the global stage, spot gold has shown minimal change, trading close to $2,331.3 per ounce. This steady trend in the international market reflects the current financial conditions, where gold prices are holding firm against a backdrop of economic uncertainty.
Conclusion
The gold prices in Pakistan and worldwide seem stable, signaling calmness amidst market volatility. As the purchasing power of consumers remains challenged, the prices continue to stay lower than their actual value. For regular updates and analysis on gold prices, visit the Daily Gold Signal website. For detailed gold market updates, check the Daily Gold Update section.
