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Gold Price in Pakistan Gains Rs800 Per Tola

Gold Price Rises Due to Geopolitical Tensions and Fed Rate Cut Hopes

The gold price in Pakistan witnessed a notable surge recently, with 24-karat gold now priced at Rs241,500 per tola, marking an increase of Rs800. This rise, while significant, still positions the price Rs1,500 below its peak, indicating a shift in purchasing power dynamics.

1. Current Gold Prices in Pakistan

As per the latest update from the Karachi Sarafa Association, the gold price in Pakistan for 24-karat gold per 10 grams has risen to Rs207,047, indicating a Rs686 increase per tola. Meanwhile, 22-karat gold prices stand at Rs189,793 per 10 grams, showing a comparable upward trend in pricing..

2. Silver Prices

Contrary to gold, silver prices have remained steady in the local market. The price of 24-karat silver stands at Rs2,750 per tola and Rs2,358 per 10 grams, unchanged from the previous session.

3. Global Gold Market

Internationally, spot gold prices is currently trading around $2,331 per ounce, marking a $28.7 increase from the previous session, reflecting positive momentum in the global gold market.

4. Daily Gold Price in pakistan

Here is a brief analysis of recent gold price trends:

Date24-karat Gold (PKR per tola)Change (DoD)
Jun 14, 24241,500800
Jun 13, 24240,700

Conclusion

In conclusion, the gold price in Pakistan has surged significantly, increasing by Rs800 per tola. Despite this rise, silver prices have shown no change. For more updates on gold prices and trends, visit Daily Gold Signal. Stay informed with our Daily Gold Update for daily insights into the gold market.

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