Gold prices in Pakistan have reached a new high. On Tuesday, the price of 24-karat gold per tola increased by Rs1,900, bringing it to Rs294,300. This rise is due to market trends and global factors. Investors are closely monitoring these changes.
Gold Prices in Pakistan
Gold prices are increasing. The price of 24-karat gold per 10-gram is now Rs252,314, up by Rs1,629. The All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) also reported that 22-karat gold has risen to Rs231,296 per 10-gram.
Silver Prices Also Rise
Silver prices have also gone up. The price of 24-karat silver increased by Rs49, reaching Rs3,314 per tola. The price for 10-gram silver rose by Rs42, now at Rs2,841.
Gold and Silver Price Comparison
Here is a table showing the latest prices:
| Metal | Feb 04, 2025 | Feb 03, 2025 | Change |
|---|---|---|---|
| Gold (24K per tola) | Rs294,300 | Rs292,400 | +1,900 |
| Silver (24K per tola) | Rs3,314 | Rs3,265 | +49 |
Gold Prices in the Global Market
Gold prices have remained steady worldwide. The current spot price for gold is $2,816 per ounce, a slight increase of $3 or 0.11%.
Why Gold Prices Are Changing
Gold prices change due to several factors:
- Economic issues and inflation
- Political events like U.S. tariffs
- Investors choosing gold as a safe asset
Impact of Rising Gold Prices
The increase in gold prices affects multiple sectors. Jewelers see a rise in costs, impacting customer demand. Investors looking for stable returns turn to gold amid inflation concerns. Additionally, central banks hold gold reserves as part of their financial strategies, influencing prices further. The rising costs can also impact gold imports and exports, affecting trade balances.
What to Expect Next
Experts believe gold prices will keep changing. Upcoming U.S. economic reports may impact the market. Investors should stay informed.
For the latest gold prices, visit Daily Gold Signal. You can also check out the Daily Gold Update.
