Gold price in Pakistan has recently dropped significantly. The decrease comes as international gold prices ease, impacting local market rates. This article discusses the latest price changes, factors affecting the market, and trends for gold and silver.
Recent Gold Price Trends in Pakistan
Gold in Pakistan has seen a decline from its near-record highs. As of today, 24-karat gold is priced at Rs271,700 per tola, reflecting a decrease of Rs3,000. This change is largely due to fluctuations in global market prices.
Global Gold Market Influence on Prices
On the international front, spot gold is trading around $2,619 per ounce. This marks a slight decrease of $3.2, or 0.12%, compared to the previous session. The shift in global prices tends to have a direct impact on local gold rates.
Local Gold Pricing Insights in Pakistan
According to the Karachi Sarafa Association, the price of 24-karat gold is reported at Rs232,939 per 10 grams, a drop of Rs2,572. Meanwhile, the price of 22-karat gold has also fallen, now quoted at Rs213,527 per 10 grams.
Silver Market Update
In contrast to gold, the silver market in Pakistan remains stable. Despite a significant drop in international prices, the domestic price of 24-karat silver holds steady at Rs3,050 per tola and Rs2,615 per 10 grams. Globally, silver prices have shown resilience after falling more than 3% recently.
Daily Market Overview
Here’s a quick summary of the latest prices as of October 9, 2024:
| PKR (24-Karat per Tola) | Oct 09, 2024 | Oct 08, 2024 | Day Change | 1 Month Change | FYTD Change | CYTD Change |
|---|---|---|---|---|---|---|
| Gold | Rs271,700 | Rs274,700 | -Rs3,000 | Rs10,000 | Rs30,000 | Rs51,700 |
| Silver | Rs3,050 | Rs3,050 | Rs0 | Rs150 | Rs200 | Rs370 |
Conclusion
The decline in the gold price per tola in Pakistan reflects ongoing trends in the global market. For more detailed daily updates, you can visit Daily Gold Signal. Stay informed about the latest movements in the gold and silver markets by exploring Daily Gold Update.
