Gold prices continued to fall on Monday, with 24-karat gold now priced at Rs277,500 per tola—a decrease of Rs1,300 from the previous rate. Last week, gold dropped by Rs4,200 per tola due to a stronger US dollar, making it more costly for people using other currencies.
Current Gold Rates in the Local Market
In the local market, 24-karat gold now costs Rs237,911 per 10 grams, down by Rs1,115. Similarly, the price of 22-karat gold has also dropped to Rs218,085 per 10 grams. This decline reflects the ongoing trends in the global gold market, which have been impacted by the dollar’s rising value.
Global Gold Price Trends
On the international market, spot gold is trading at about $2,672 per ounce, down $13.2 or 0.49% from the previous session. These global price changes affect Pakistan’s gold rates since a stronger dollar makes gold more expensive globally.
Silver Prices Stay Stable in Pakistan
While gold prices have fluctuated, silver prices in Pakistan remain stable. The cost of 24-karat silver is still Rs3,300 per tola and Rs2,829 per 10 grams, with no recent price changes.
Key Market Figures for Gold and Silver:
| Commodity | Date | Price Now (PKR) | Previous Price (PKR) | Daily Change | Monthly Change | FYTD Change | CYTD Change |
|---|---|---|---|---|---|---|---|
| Gold (24K) | Nov 11, 2024 | 277,500 | 278,800 | -1,300 | 2,000 | 35,800 | 57,500 |
| Silver (24K) | Nov 11, 2024 | 3,300 | 3,300 | 0 | 250 | 450 | 620 |
Conclusion: Staying Updated on Gold Price Changes
As gold prices continue to shift, it’s helpful for those interested in buying or investing in gold to stay informed. For daily updates on gold price movements, visit Daily Gold Signal and explore the Daily Gold Update category for more information.
