The gold price in Pakistan increased significantly on Thursday, marking a rise of Rs1,400 per tola for 24-karat gold. As per the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), the new rate for 24-karat gold per tola now stands at Rs282,200.
Gold Price in pakistan and Silver Prices in Detail
The gold price in Pakistan of 24-karat per 10 grams also climbed, reaching Rs241,941 after a Rs1,200 increase. Similarly, the rate for 22-karat gold per 10 grams surged to Rs221,787. This upward trend was not limited to gold alone, as silver prices also saw a rise.
- 24-karat silver is now priced at Rs3,433 per tola, reflecting an increase of Rs83.
- For 10 grams of silver, the price rose by Rs71, reaching Rs2,943.
Market Trends and Global Updates
Gold prices are influenced by both local and global market trends. Internationally, spot gold was trading at $2,707 per ounce, a rise of $12.8 or 0.48% from the previous session. This growth is attributed to expectations of Federal Reserve rate cuts. A softer-than-expected core U.S. inflation report has fueled speculation that the first rate cut may occur in June.
Here’s a quick comparison of recent price changes:
| PKR (24-karat per tola) | Jan 16, 2025 | Jan 15, 2025 | DoD Change | 1 Month Change | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 282,200 | 280,800 | 1,400 | 7,300 | 40,500 | 9,600 |
| Silver | 3,433 | 3,350 | 83 | 33 | 583 | 83 |
Key Takeaways for Gold Investors
The recent rise in gold and silver prices reflects changing economic conditions both locally and globally. For investors in Pakistan, these fluctuations indicate the importance of staying updated on market trends to make informed decisions. Gold remains a reliable asset during times of economic uncertainty, while silver continues to be a strong alternative for investment.
For further insights into daily updates on gold prices, visit the Daily Gold Signal website. Explore their detailed Daily Gold Updates for more information.
