Gold price in Pakistan witnessed a significant decline, with rates for 24-karat gold dropping by Rs5,000 per tola. On Friday, 24-karat gold was priced at Rs277,800 per tola, reflecting a notable decrease in the local market.
Gold Price Updates in Pakistan
The price for 24-karat gold per 10 grams also fell by Rs4,286, now standing at Rs238,169. Meanwhile, 22-karat gold was quoted at Rs218,321 per 10 grams, showing a decline as well.
Silver prices in the domestic market followed a similar trend. The rate for 24-karat silver dropped by Rs50, making it Rs3,400 per tola. Additionally, the price for silver per 10 grams decreased by Rs43, standing at Rs2,915.
Gold and Silver Market Analysis
| Metal | Dec 13, 2024 (PKR) | Dec 12, 2024 (PKR) | Day-on-Day Change | 1-Month Change | FYTD Change | CYTD Change |
|---|---|---|---|---|---|---|
| Gold (24K per tola) | 277,800 | 282,800 | -5,000 | 11,400 | 36,100 | 57,800 |
| Silver (24K per tola) | 3,400 | 3,450 | -50 | 150 | 550 | 720 |
On the global stage, spot gold traded near $2,665 per ounce, marking a $15.4 or 0.57% decrease compared to the previous session. Despite this dip, gold remains on track to close the week with an overall gain. This comes as markets shift their focus to the U.S. Federal Reserve’s December policy meeting, where another interest rate adjustment is anticipated.
Key Takeaways
- Gold Prices in Pakistan: 24-karat gold fell by Rs5,000 per tola, while 10-gram gold dropped by Rs4,286.
- Silver Prices: Declined by Rs50 per tola and Rs43 per 10 grams.
- Global Trends: Spot gold decreased slightly but is set for a weekly gain.
- Market Outlook: Anticipation surrounds the Federal Reserve’s upcoming interest rate decision.
For daily updates on gold and silver prices in Pakistan, visit our Daily Gold Signal page. Explore the latest global gold trends and updates for more insights.
