Gold prices in Pakistan have reached unprecedented levels once again. On Thursday, the price of 24-karat gold soared to a new record high, trading at Rs261,800 per tola. This represents an increase of Rs800 from the previous rate.
Current Gold Prices In Pakitan and Market Trends
Despite this surge, the gold prices in Pakistan is still Rs3,000 below its current market value. According to the Karachi Sarafa Association, 24-karat gold is priced at Rs224,451 per 10 grams, marking an increase of Rs686.
Similarly, the price for 22-karat gold has also risen, now standing at Rs205,747 per 10 grams.
Comparison of Gold and Silver Prices in Pakistan
In contrast, silver prices in the domestic market have remained stable. The price of 24-karat silver is consistent at Rs2,950 per tola and Rs2,529 per 10 grams.
Global Gold Price Trends
Globally, spot gold is trading near $2,504 an ounce. This represents a slight decline of $8.7, or 0.34%, from the previous trading session.
Price Comparison
Here’s a quick look at the price changes:
- Gold (24-karat per tola):
- August 22, 2024: Rs261,800
- August 21, 2024: Rs261,000
- Change: +Rs800
- Silver:
- August 22, 2024: Rs2,950
- August 21, 2024: Rs2,950
- Change: No change
Conclusion
In summary, gold prices in Pakistan have reached record levels, impacting both consumers and the jewelry market. Economic factors such as currency fluctuations and global demand continue to influence these prices. Staying informed and making strategic decisions is essential in navigating this volatile market.
For regular gold price updates, check out Daily Gold Signal. For more detailed market trends, check out Daily Gold Update.
