The price of gold in Pakistan experienced a significant drop recently, bringing relief to buyers and investors monitoring precious metals. As of November 1, 2024, 24-karat gold was priced at Rs284,700 per tola, marking a Rs2,500 decline. This reduction aligns with a slight shift in international gold prices, reflecting broader market trends in commodities.
Gold Price Update in Pakistan
In Pakistan, 24-karat gold now sells at Rs284,700 per tola, decreasing by Rs2,500 from the previous rate. This price movement reflects recent market changes, particularly as global gold prices showed minor gains. The Karachi Sarafa Association reported that the price for 10 grams of 24-karat gold stands at Rs244,084, down by Rs2,144 from the previous day. The rate for 22-karat gold also experienced a reduction, now valued at Rs223,744 per 10 grams.
Global Gold Trends
Internationally, the gold market saw a slight increase, with spot gold trading near $2,753 an ounce, marking a 0.25% increase from the previous trading session. This trend affects local prices, often influencing Pakistani gold rates. For daily updates on global gold trends, visit this daily gold update resource.
Silver Price Decline in Pakistan
Alongside gold, silver prices also declined in the local market. The price for 24-karat silver is now Rs3,430 per tola, reflecting a drop of Rs20. For 10 grams, silver now costs Rs2,941, with a decrease of Rs17 from the previous day.
| PKR (24-karat per tola) | Nov 01, 2024 | Oct 31, 2024 | Daily Change | Monthly Change | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 284,700 | 287,200 | -2,500 | +9,200 | +43,000 | +64,700 |
| Silver | 3,430 | 3,450 | -20 | +380 | +580 | +750 |
Conclusion and Resources for Daily Updates
The recent dip in gold and silver prices in Pakistan mirrors international fluctuations and provides a valuable opportunity for those tracking commodity investments. Stay updated on further price changes with the Daily Gold Signal for more insights.
