Staying informed about July 2024 gold price update in Pakistan is crucial for investors and buyers. This July, gold prices in Pakistan have seen a significant rise. Consequently, this update provides insight into the recent price changes and market trends.
Significant Gold Price Increase
In July 2024, gold price update in Pakistan experienced a notable increase. Specifically, the price of 24-karat gold has reached Rs253,500 per tola, reflecting a Rs1,200 rise from the previous rate. This substantial increase highlights a shift in the market.
Updated Pricing for Different Gold Purities
According to the Karachi Sarafa Association, the updated rate for 24-karat gold is Rs217,335 per 10 grams, reflecting an increase of Rs1,029. Moreover, the price for 22-karat gold has risen to Rs199,224 per 10 grams. Thus, a similar upward trend is evident in the pricing.
Rise in Silver Prices
Silver prices, similarly, experienced a rise this July. The price of 24-karat silver has increased to Rs2,900 per tola, up by Rs40. Furthermore, the price per 10 grams is now Rs2,486, marking an increase of Rs34. These changes align with the broader trend in precious metals.
Global Gold Price Trends
On the global stage, spot gold is trading around $2,418 per ounce, showing an increase of $8.3 or 0.34% from the previous session. This global price movement, therefore, often influences local market trends and price adjustments.
Price Analysis Snapshot
Here’s a quick view of the July 2024 gold price changes:
- Gold Price (24-Karat per Tola)
- July 31, 2024: Rs253,500
- July 30, 2024: Rs252,300
- Day-on-Day (DoD) Change: Rs1,200
- 1 Month Change: Rs12,000
- Year-to-Date (YTD) Change: Rs11,800
- Calendar Year-to-Date (CYTD) Change: Rs33,500
- Silver Price (24-Karat per Tola)
- July 31, 2024: Rs2,900
- July 30, 2024: Rs2,860
- DoD Change: Rs40
- 1 Month Change: Rs50
- YTD Change: Rs50
- CYTD Change: Rs220
For ongoing updates on gold and silver prices, visit Daily Gold Signal and check their daily updates.
