Gold price update in Pakistan saw a notable rise on Thursday, with 24-karat gold increasing by Rs2,000 per tola. The new price now stands at Rs262,100 per tola. The Karachi Sarafa Association also reported a rise in the 10-gram price of 24-karat gold, which now stands at Rs224,708, reflecting an increase of Rs1,714.
22-Karat Gold Price Also Rises
The price of 22-karat gold experienced an upward trend as well. The rate for 10 grams of 22-karat gold increased to Rs205,983. This rise in gold prices is impacting both investors and consumers in the country.
Silver Prices Remain Steady
While gold price update are on the rise, silver prices in the domestic market have remained unchanged. The 24-karat silver price stands at Rs2,900 per tola, and the price for 10 grams of silver is Rs2,486. This stability in silver prices contrasts with the gold price surge.
Global Gold Market Update
Globally, gold prices have seen a slight increase. The spot gold price is trading near $2,504 per ounce, marking a rise of $8.9 or 0.36% from the previous session. This increase in the international market is reflecting on the local gold prices in Pakistan.
Comparison with Previous Rates
To better understand the changes, here is a quick comparison of the gold and silver prices in Pakistan:
- Gold (24-karat per tola):
- Sep 05, 2024: Rs262,100
- Sep 04, 2024: Rs260,100
- DoD Increase: Rs2,000
- One-Month Increase: Rs6,100
- FYTD Increase: Rs20,400
- CYTD Increase: Rs42,100
- Silver (24-karat per tola):
- Sep 05, 2024: Rs2,900
- Sep 04, 2024: Rs2,900
- DoD Change: Rs0
- One-Month Increase: Rs50
- FYTD Increase: Rs50
- CYTD Increase: Rs220
This significant rise in gold prices is influenced by both domestic and global factors. Investors are closely monitoring these changes as they plan their investments.
For more detailed updates on gold prices, check out Daily Gold Update. For real-time gold and silver prices, visit Daily Gold Signal.
