Gold price in Pakistan rises as demand increases, reaching Rs280,800 per tola on Wednesday. This represents a notable increase of Rs2,900 in the price of 24-karat gold.
Gold Price Surge in Pakistan
The price of 24-karat gold for 10 grams rose by Rs2,487 to Rs240,741. The All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) shared these updated rates. Similarly, 22-karat gold prices climbed to Rs220,679 per 10 grams, showcasing an upward trend in the market.
Silver prices, however, remained steady in the domestic market. The rate of 24-karat silver stood unchanged at Rs3,350 per tola and Rs2,872 per 10 grams.
| PKR (24-karat per tola) | Jan 15, 2025 | Jan 14, 2025 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 280,800 | 277,900 | 2,900 | 3,800 | 39,100 | 8,200 |
| Silver | 3,350 | 3,350 | 0 | -50 | 500 | 0 |
Global Gold Market Trends
Globally, spot gold traded near $2,686 per ounce, marking an increase of $11.4 or 0.43% compared to the previous session. This rise was driven by the weakening of the U.S. dollar and Treasury yields. Investors are closely monitoring U.S. inflation data to understand potential changes in the Federal Reserve’s interest rate policies.
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