Gold prices in Pakistan have climbed to their highest level ever. On Tuesday, 24-karat gold touched Rs303,100 per tola, up by Rs100. This is a big moment for the gold market in the country.
What Are the Current Gold Prices?
24-karat gold is now priced at Rs303,100 per tola. For 10 grams, the price is Rs259,859, up by Rs86. These rates were shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
22-karat gold also increased to Rs238,212 per 10 grams. However, silver prices dropped. 24-karat silver is now Rs3,312 per tola, down by Rs61.
What’s Happening in the Global Gold Market?
Globally, gold prices are slightly down. Spot gold is trading near $2,905 an ounce, a 0.44% drop from the last session. This is different from the record highs in Pakistan.
The rise in gold prices is linked to global trade tensions. Many investors see gold as a safe option during uncertain times.
Why Are Gold Prices Rising in Pakistan?
Several factors are pushing gold prices up in Pakistan. High local demand, a weaker rupee, and global economic issues are the main reasons.
When the rupee loses value, gold becomes more expensive for buyers in Pakistan. This trend is likely to continue in the coming months.
What About Silver Prices?
While gold prices are rising, silver prices are falling. 24-karat silver is now Rs3,312 per tola, down by Rs61. For 10 grams, silver is priced at Rs2,839, a drop of Rs52.
How Can You Stay Updated on Gold Prices?
For investors, staying informed about gold prices is important. Websites like Daily Gold Signal provide useful updates.
You can also check Daily Gold Updates for the latest trends. These tools help you make better decisions in a changing market.
