Gold price in Pakistan rose by Rs500 per tola on Monday, continuing its upward trend. The 24-karat gold rate climbed to Rs282,900 per tola, marking a significant increase for local buyers.
Latest Gold Rates in Pakistan
According to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), the price of 24-karat gold per 10 grams increased by Rs429, reaching Rs242,541. Meanwhile, the 22-karat gold rate was recorded at Rs222,337 per 10 grams. This steady rise in prices reflects ongoing changes in both domestic and international markets.
Decline in Silver Prices
Unlike gold, silver prices in the local market showed a decline. The 24-karat silver price fell by Rs9, now priced at Rs3,372 per tola. Similarly, the 10-gram silver rate dropped by Rs8, settling at Rs2,890. This decrease contrasts sharply with the upward movement in gold rates.
Gold Price Trends: A Broader Perspective
In global markets, spot gold traded near $2,709 an ounce, an increase of $12.3 or 0.46% compared to the previous session. This rise was fueled by a weakening U.S. dollar, which traditionally strengthens gold prices. Market attention was also focused on political developments, with Donald Trump’s anticipated return to the White House and its potential economic impacts.
| PKR (24-karat per tola) | Jan 20, 2025 | Jan 18, 2025 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 282,900 | 282,400 | 500 | 9,500 | 41,200 | 10,300 |
| Silver | 3,372 | 3,381 | -9 | 22 | 522 | 22 |
Key Factors Impacting Gold Prices
Several factors influence gold prices locally and globally:
- Currency Fluctuations: A weaker Pakistani Rupee increases the cost of gold imports.
- Global Market Trends: Rising international gold prices push local rates higher.
- Economic Policies: Anticipation of significant political changes can drive investor demand for gold.
Conclusion
The rising gold prices highlight ongoing economic shifts, both locally and globally. While gold continues its upward trajectory, silver prices are trending downward, presenting mixed opportunities for investors. Stay informed through trusted platforms for timely updates.
For accurate and timely updates on gold prices, visit Daily Gold Signal. To stay informed about international trends, explore the Daily Gold Update section.
