Gold price in Pakistan saw a notable increase on Friday, with 24-karat gold now being sold at Rs276,200 per tola. This marks a rise of Rs1,800 from the previous day. On a global scale, spot gold prices traded near $2,658 per ounce, up by $2.5, reflecting a 0.10% increase from the prior session.
Gold Price in Pakistan: Key Changes
According to the Karachi Sarafa Association, the price of 24-karat gold also rose to Rs236,797 per 10 grams, registering a rise of Rs1,543. Similarly, the price of 22-karat gold increased to Rs217,064 per 10 grams.
On the domestic front, silver prices remained stable. The price of 24-karat silver continued to sell at Rs3,050 per tola and Rs2,615 per 10 grams, with no significant changes reported.
Gold and Silver Price Comparison: Day-by-Day Overview
| Metal | Oct 04, 2024 | Oct 03, 2024 | Day-to-Day Change | 1-Month Change | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold (24-karat per tola) | 276,200 | 274,400 | +1,800 | +14,100 | +34,500 | +56,200 |
| Silver (24-karat per tola) | 3,050 | 3,050 | 0 | +150 | +200 | +370 |
The recent price fluctuation showcases the ongoing demand and value changes within Pakistan’s gold market. Over the past month, the price of gold has risen significantly, with a total increase of Rs14,100 for 24-karat per tola. In contrast, silver prices have remained largely stable, reflecting only a minor shift of Rs150 over the same period.
Why Are Gold Prices Rising?
Gold prices have been impacted by a combination of global and domestic factors. Internationally, fluctuations in the dollar and geopolitical tensions have affected market sentiments. Domestically, inflation and local demand continue to influence the gold market in Pakistan.
This rise aligns with the broader trend seen across the global markets, where spot gold prices are edging higher. Investors often turn to gold as a safe investment, which keeps demand high, even amid economic uncertainties.
How to Stay Updated on Gold Market Trends
To keep track of the latest updates and trends in gold prices, consider following daily market reports and updates. Staying informed can help make better investment decisions. For daily gold updates, you can visit the Daily Gold Update.
For more detailed insights and gold signal services, visit Daily Gold Signal.
