The gold price in Pakistan declined on Monday, with 24-karat gold valued at Rs275,000 per tola after a Rs700 reduction. This downward trend reflects the ongoing fluctuations in the local and international gold markets.
Gold Price Update in Pakistan
Gold rates have decreased, with the latest data from the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) highlighting a reduction in prices for 24-karat and 22-karat gold. Here is a detailed summary of the most recent figures:
Latest Gold Prices in Pakistan (24-Karat and 22-Karat)
- 24-Karat Gold (per 10 grams): Rs235,768, reflecting a decrease of Rs600.
- 22-Karat Gold (per 10 grams): Rs216,121, showing a corresponding reduction.
Silver prices, however, remained steady. Locally, 24-karat silver held its ground at Rs3,350 per tola and Rs2,872 per 10 grams.
Global Gold Market Trends
Internationally, spot gold prices also saw a decline. The commodity traded at $2,632 per ounce, down by $9 (0.34%) compared to the previous session. This drop can be attributed to firming U.S. Treasury yields. Investors are now closely watching upcoming economic reports for insights into the Federal Reserve’s 2025 interest rate strategy, following signals of a slower rate-cut pace this year.
Gold and Silver Price Comparison Table
| Metal | Price (Jan 6, 2025) | Price (Jan 4, 2025) | Change | 1-Month Change | FYTD Change | CYTD Change |
|---|---|---|---|---|---|---|
| Gold (24K) | Rs275,000 | Rs275,700 | -700 | 600 | 33,300 | 2,400 |
| Silver | Rs3,350 | Rs3,350 | 0 | -50 | 500 | 0 |
Conclusion
Gold prices in Pakistan and worldwide are experiencing shifts due to economic indicators and market trends. For updates on gold price movements, visit our daily updates page. Explore detailed analysis and forecasts at Daily Gold Signal.
