The gold price in Pakistan has shown stability recently. On Thursday, the price of gold remained unchanged, reflecting a consistent trend in the market. This article provides an overview of the current gold prices in Pakistan and their global counterparts, focusing on recent trends and market movements.
Gold Prices in Pakistan
The price of 24-karat gold in Pakistan was steady at Rs255,500 per tola on Thursday. According to the Karachi Sarafa Association, the price for 24-karat gold per 10-gram was Rs219,050, the same as in the previous session
Silver Prices
Silver prices in the domestic market also held steady. The price for 24-karat silver was Rs2,850 per tola and Rs2,443 per 10-gram.
Global Gold Market Trends
On the global stage, spot gold traded at approximately $2,396 per ounce. This represents an increase of $11.5, or 0.48%, compared to the previous session.
Influence of Geopolitical Events
Global events and political instability can also impact gold prices. During times of geopolitical tension or crisis, gold is often seen as a safe-haven asset. This means that investors may buy gold to protect their investments from market volatility, leading to price increases.
Market Sentiment and Investment Trends
Investor sentiment and market trends can drive short-term changes in gold prices. If investors are optimistic about the economy, gold prices might stabilize or drop. Conversely, if investors are worried about economic downturns, they might buy more gold, driving up prices.
Price Summary
| PKR (24-Karat per Tola) | Aug 08, 2024 | Aug 07, 2024 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | Rs255,500 | Rs255,500 | 0 | 10,500 | 13,800 | 35,500 |
| Silver | Rs2,850 | Rs2,850 | 0 | -50 | 0 | 170 |
Conclusion
For the latest updates on gold prices, including daily fluctuations and market analysis, visit Daily Gold Signal. For more in-depth reports and trends, check out our daily gold update.
