Gold prices in Pakistan surged on Friday, with 24-karat gold reaching Rs300,046 per tola after a rise of Rs1,346. Investors closely monitor these fluctuations as gold remains a preferred investment asset. This price increase aligns with global trends, making it essential for buyers and traders to stay updated.
Gold Prices in Pakistan
The latest rates shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) indicate a significant rise in gold prices:
- 24-Karat Gold (Per Tola): Rs300,046 (+Rs1,346)
- 24-Karat Gold (Per 10-Gram): Rs257,241 (+Rs1,154)
- 22-Karat Gold (Per 10-Gram): Rs235,812
2. Silver Prices in Pakistan
Along with gold, silver prices also increased in the local market:
- 24-Karat Silver (Per Tola): Rs3,378 (+Rs51)
- 24-Karat Silver (Per 10-Gram): Rs2,896 (+Rs44)
Gold & Silver Price Comparison
A comparison of gold and silver rates over different periods is presented below:
| PKR (24-Karat Per Tola) | Feb 07, 2025 | Feb 06, 2025 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 300,046 | 298,700 | +1,346 | +23,046 | +58,346 | +27,446 |
| Silver | 3,378 | 3,327 | +51 | +28 | +528 | +28 |
Global Gold Market Trends
On the international market, gold prices strengthened, with spot gold trading at $2,866 per ounce, marking a 0.29% increase (+$8.3). The upward trend was driven by economic uncertainties and safe-haven demand.
Impact of Economic Factors
Gold maintained its upward trajectory for the sixth consecutive week as investors assessed the impact of trade tensions and awaited the U.S. non-farm payrolls report. This report influences the Federal Reserve’s interest rate decisions, directly affecting gold prices worldwide.
Conclusion
Gold remains a valuable asset, with its price influenced by global and local market trends. Investors should stay informed about market movements to make well-informed decisions. For daily updates on gold prices, visit Daily Gold Signal. You can also check the latest gold price trends at Daily Gold Update.
