Gold price in Pakistan remained steady on Tuesday, with 24-karat gold priced at Rs272,600 per tola, showing no change from the previous day’s rates. Likewise, 24-karat gold per 10 grams remained unchanged at Rs233,711, according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
Gold and Silver Rates in Detail
The rate for 22-karat gold price in Pakistan was quoted at Rs214,235 per 10 grams, maintaining stability in local markets. Additionally, silver prices also stayed constant, with 24-karat silver priced at Rs3,350 per tola and Rs2,872 per 10 grams.
Overview of Key Market Trends
| PKR (24-karat per tola) | Dec 31, 2024 | Dec 30, 2024 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 272,600 | 272,600 | 0 | -3,600 | 30,900 | 52,600 |
| Silver | 3,350 | 3,350 | 0 | -50 | 500 | 670 |
Globally, spot gold traded at $2,616 per ounce, rising by $9.6 or 0.37% compared to the prior session.
Factors Influencing Gold’s Global Performance
Gold prices saw gains on Tuesday, marking the final trading day of a record-setting year. Key drivers included robust central bank purchases, ongoing geopolitical tensions, and monetary policy easing by major global financial institutions. This performance made 2024 the metal’s best year since 2010.
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