Gold prices in Pakistan saw a significant increase on Tuesday, reflecting a rise of Rs1,600. The current price for 24-karat gold now stands at Rs285,000 per tola. This fluctuation in gold prices is essential for investors and gold enthusiasts to track.
Current Gold Trends in the Global Market
As of the latest reports, spot gold is trading at approximately $2,752 per ounce. This represents a modest increase of $7.9, or 0.29%, from the previous trading session. The global market’s movements often influence local gold prices, making it crucial for investors to stay informed.
Breakdown of Local Gold Prices in Pakistan
The Karachi Sarafa Association has announced that the price for 24-karat gold is Rs244,342 per 10 grams. This reflects an increase of Rs1,372 from the previous day. Furthermore, 22-karat gold is priced at Rs223,980 per 10 grams, showcasing a similar upward trend.
Silver Price Stability
In contrast to the rising gold prices, silver prices in the domestic market have remained stable. The price for 24-karat silver is holding at Rs3,350 per tola and Rs2,872 per 10 grams. This stability in silver prices contrasts with the fluctuations seen in gold.
Price Comparison
Here’s a quick overview of the current prices and changes for gold and silver in Pakistan:
| Metal | Price (per tola) | Price (per 10-gram) | Change (DoD) |
|---|---|---|---|
| Gold (24K) | Rs285,000 | Rs244,342 | +Rs1,600 |
| Gold (22K) | N/A | Rs223,980 | N/A |
| Silver (24K) | Rs3,350 | Rs2,872 | Rs0 |
Conclusion
The rise in gold prices signals an important trend for investors and those interested in precious metals. Keeping updated on the latest market trends can help make informed decisions. For more insights into gold updates, visit Daily Gold Signal. You can also explore detailed daily updates in the Daily Gold Update section.
