Gold price in Pakistan experienced a significant rise on Friday, with the price of 24-karat gold reaching Rs267,700 per tola, marking an increase of Rs1,300. This surge in gold prices has sparked interest among investors and jewelers alike. Let’s explore the latest updates on gold and silver rates in both the domestic and international markets.
Domestic Gold Rates in Pakistan
As of November 15, 2024, 24-karat gold per tola was priced at Rs267,700, reflecting a rise of Rs1,300 from the previous day. The 10-gram rate of 24-karat gold also saw an increase, reaching Rs229,510 after gaining Rs1,115.
Additionally, 22-karat gold was valued higher at Rs210,384 per 10 grams, indicating a steady upward trend in local gold prices.
International Gold Trends
On the global stage, spot gold traded at $2,565 per ounce, slightly lower by $1.5 or 0.06% compared to the previous session. Despite the minor dip in international markets, local gold prices continue to climb due to currency fluctuations and market demand.
Stability in Silver Prices
In contrast to gold’s upward movement, silver prices remained unchanged in the domestic market. The rate of 24-karat silver remained steady at Rs3,250 per tola and Rs2,786 per 10 grams.
Key Gold and Silver Performance Metrics
| Metal | Nov 15, 2024 | Nov 14, 2024 | DoD Change | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | Rs267,700 | Rs266,400 | +Rs1,300 | -Rs9,500 | Rs26,000 | Rs47,700 |
| Silver | Rs3,250 | Rs3,250 | Rs0 | +Rs200 | +Rs400 | +Rs570 |
Insights for Investors
Rising gold prices are influenced by several factors, including global market trends and local currency exchange rates. Investors seeking to capitalize on these price movements can explore expert guidance for informed decisions.
For in-depth updates on gold price trends, visit the Daily Gold Signal website. Stay informed about market changes with their comprehensive daily gold updates.
Conclusion
Gold continues to be a valuable asset, with gold price in Pakistan reaching new highs. Silver prices, however, remain stable, offering a consistent investment alternative. Keeping track of market trends is essential for making informed financial choices.
