Gold price in Pakistan August 2024 have recently seen a decline, with significant changes over the past week. As of August 15, 2024, the price for 24-karat gold has dropped by Rs300 per tola, signaling a notable shift in the market. This article explores the recent trends in gold prices, factors influencing these changes, and provides an update on silver prices both domestically and globally.
Recent Gold Price Trends
As of Thursday, August 15, 2024, the price of 24-karat gold in Pakistan is Rs257,400 per tola, reflecting a Rs300 decrease from the previous day. The current price is Rs2,000 less than the market rate, indicating a temporary adjustment.
Weekly Price Movement
Over the last week, gold prices have seen a reduction of Rs300 per tola. The Karachi Sarafa Association reports that 24-karat gold is priced at Rs220,680 per 10-gram, which is Rs256 lower than before. The price for 22-karat gold stands at Rs202,290 per 10-gram, also showing a decline.
Silver Price Stability
Silver prices in Pakistan have remained stable. The price of 24-karat silver is consistent at Rs2,850 per tola and Rs2,443 per 10-gram. This stability contrasts with the recent fluctuations observed in gold prices.
Global Gold Market Overview
Globally, spot gold is trading around $2,455 per ounce. This reflects an increase of $5.9 or 0.24% from the previous session, showcasing a slight upward trend in the international market.
Price Comparison Table
| Item | Aug 15, 2024 | Aug 14, 2024 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 257,400 | 257,700 | -300 | 8,000 | 15,700 | 37,400 |
| Silver | 2,850 | 2,850 | 0 | -50 | 0 | 170 |
Conclusion
The recent drop in gold prices in Pakistan reflects broader market trends and regional adjustments. For continuous updates on gold prices, including daily changes and market insights, visit Daily Gold Signal or check the Daily Gold Update.
