Gold price in Pakistan went up sharply on Friday. The price of 24-karat gold rose by Rs2100, reaching Rs277,300 per tola. This change is influenced by local and global factors. Let’s explore the recent price hike and the performance of silver in the market.
Gold Prices Increase in Pakistan
On Friday, the price of 24-karat gold rose to Rs277,300 per tola, up by Rs2100. Similarly, the price of 10 grams of 24-karat gold increased by Rs1800, reaching Rs237,740. This rise is part of a global trend where gold prices are affected by changes in the economy and international events.
22-Karat Gold Prices Also Go Up
The gold price in Pakistan of 22-karat also went up, reaching Rs217,928 for 10 grams. This increase reflects the overall rise in gold prices, which impacts consumers and investors alike.
Silver Prices Stay the Same
Unlike gold, silver prices in Pakistan remained steady. The price of 24-karat silver is still Rs3,400 per tola and Rs2,915 per 10 grams. This makes silver a stable option for buyers amid the changing gold prices.
Global Market Impacts Gold Prices
Globally, spot gold is trading at $2,662 an ounce, up by $23.6 or 0.90%. This increase is due to a weaker US dollar and growing geopolitical tensions, especially between Russia and Ukraine. However, gold prices may drop slightly this week as markets await more US economic data.
Conclusion and Key Takeaways
Gold prices in Pakistan have increased, while silver prices remain stable. The rise in gold is influenced by global and local factors, making it important to stay updated on market trends. These changes affect both buyers and investors.
For daily updates on gold and silver prices, check out our Gold Signal Updates. For more insights, visit Daily Gold Signal.
