Gold prices in Pakistan increased on Thursday. The price of 24-karat gold is now Rs274,000 per tola, up by Rs1,400. This rise shows the ongoing upward trend in gold prices, influenced by local and global factors.
Gold Prices in Pakistan Today
Gold is a valuable asset in Pakistan, and many people follow its price changes closely. The All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) reported that the price of 24-karat gold for 10 grams increased to Rs234,911, rising by Rs1,200.
Gold and Silver Prices Overview
The price of 22-karat gold also went up, reaching Rs215,335 per 10 grams. Meanwhile, silver prices remained unchanged. The price of 24-karat silver remains Rs3,350 per tola and Rs2,872 per 10 grams.
| Metal | Dec 26, 2024 | Dec 24, 2024 | Change | 1-Month Change | FYTD Change | CYTD Change |
|---|---|---|---|---|---|---|
| Gold (PKR) | 274,000 | 272,600 | +1,400 | -1,900 | +32,300 | +54,000 |
| Silver (PKR) | 3,350 | 3,350 | 0 | -50 | +500 | +670 |
Gold Prices in the Global Market
Globally, spot gold is priced at around $2,628 per ounce, up by $10.4 or 0.40% compared to the previous day. The rise is due to quiet holiday trading as investors wait for updates on the Federal Reserve’s 2025 interest rate plans and policies from the next U.S. administration.
Reasons for Gold Price Changes
- Economic Concerns: Gold becomes more popular during uncertain economic times.
- Interest Rates: Expectations about interest rate changes affect gold prices.
- Currency Exchange: Changes in the value of the Pakistani rupee (PKR) against the U.S. dollar impact local gold prices.
Where to Learn More
To know more, visit the Daily Gold Signal website. For regular updates on global gold prices, check their Daily Gold Update section.
