The gold price in Pakistan surged on Wednesday, marking a significant increase. The price of 24-karat gold reached Rs275,900 per tola, reflecting a rise of Rs1,000. This latest update has caught the attention of investors and jewelers alike.
Current Gold and Silver Prices in Pakistan
In addition to the increase in 24-karat gold price in Pakistan, the rates for 10 grams of gold also experienced a gain. Here are the latest figures:
- 24-Karat Gold (per 10 grams): Sold at Rs236,540, showing an increase of Rs858.
- 22-Karat Gold (per 10 grams): Priced at Rs216,828.
Meanwhile, the prices of silver remained steady:
- 24-Karat Silver (per tola): Rs3,400.
- 24-Karat Silver (per 10 grams): Rs2,915.
For more daily updates on gold prices, visit the Daily Gold Signal website.
Gold Price Trends and Global Market Dynamics
In the global market, spot gold traded near $2,646 per ounce, a slight drop of $1.1 or 0.04% from the previous session. This marks the fourth consecutive trading session where gold has faced downward pressure. The February futures contract remains the most actively traded, showcasing how global trends influence local markets.
The US dollar index also saw a marginal rise of 0.09%, reaching 106.985. This movement indicates evolving economic conditions and market sentiment.
For a deeper dive into international gold updates, check the Daily Gold Update category.
Gold and Silver Price Comparison (December 17-18, 2024)
Below is a comparison of gold and silver prices between December 17 and December 18, 2024:
| Metal | Dec 18, 2024 | Dec 17, 2024 | Day-on-Day Change | 1-Month Change | FYTD Change | CYTD Change |
|---|---|---|---|---|---|---|
| Gold | Rs275,900 | Rs274,900 | Rs1,000 | Rs2,400 | Rs34,200 | Rs55,900 |
| Silver | Rs3,400 | Rs3,400 | Rs0 | Rs150 | Rs550 | Rs720 |
These changes highlight the continued volatility in precious metal prices, driven by local and international factors.
Key Takeaways for Gold Investors
The rising gold prices present both opportunities and challenges for investors. While the increase boosts the value of existing investments, new buyers might face higher costs. Monitoring market trends and staying informed through reliable sources like Daily Gold Signal is essential for making informed decisions.
