The gold price in Pakistan has recently seen a decline, with the rate of 24-karat gold decreasing by Rs700 per tola on Thursday. The latest rate for 24-karat gold is now Rs287,200 per tola. This price shift is being tracked by the Karachi Sarafa Association, which also reported a corresponding decrease in the 10-gram rate for 24-karat gold, down by Rs600 to settle at Rs246,228.
This article will cover the recent changes in both gold and silver prices within Pakistan, as well as offer insights into the global gold market.
Gold Price Drop in Pakistan
The price of 24-karat gold has fallen by Rs700 per tola, bringing it to Rs287,200. For those tracking prices in grams, this translates to Rs246,228 for 10 grams, which is a decrease of Rs600.
Meanwhile, the price for 22-karat gold also adjusted, settling at Rs225,709 per 10 grams. This reflects ongoing fluctuations in the local gold market, influenced by both national and international economic factors.
Silver Prices Rise Amid Gold Decline
In contrast to gold’s decline, silver price in Pakistan saw an increase. The cost of 24-karat silver rose by Rs100, reaching Rs3,450 per tola. For 10 grams, the rate increased by Rs86, now at Rs2,958. This pattern highlights the unique market responses for gold and silver, particularly given the global economic landscape.
Global Gold Market Update
On the international front, gold prices also experienced a dip, with spot gold trading near $2,779 per ounce—a decrease of $5.7, or 0.21%, from the previous trading session. This price change mirrors global factors impacting the precious metals market.
The following table outlines the recent shifts in gold and silver prices in Pakistan:
| Metal | 24-Karat per Tola (PKR) | October 31, 2024 | October 30, 2024 | Daily Change | 1 Month Change | FYTD Change | CYTD Change |
|---|---|---|---|---|---|---|---|
| Gold | 287,200 | 287,200 | 287,900 | -700 | +12,300 | +45,500 | +67,200 |
| Silver | 3,450 | 3,450 | 3,350 | +100 | +400 | +600 | +770 |
For more regular updates and insights on gold price trends in Pakistan, feel free to explore this Daily Gold Update on the Daily Gold Signal website.
Stay informed about the latest rates, market shifts, and broader economic trends by visiting our main page: Daily Gold Signal.
