Gold prices in Pakistan have hit a record peak. As of today, 24-karat gold is selling for Rs280,900 per tola, a rise of Rs3,000. This marks an increase of Rs60,900, or 27.7%, since the beginning of the year.
Global Gold Prices on the Rise
The surge isn’t just happening in Pakistan. Globally, gold prices have crossed $2,700 per ounce for the first time. This jump is due to concerns about rising conflicts in the Middle East and uncertainties in the US election. Investors are turning to gold for safety, pushing price higher.
According to the Karachi Sarafa Association, the price of 24-karat gold is now Rs240,826 per 10 grams, increasing by Rs2,572 recently. The price of 22-karat gold has also risen to Rs220,758 per 10 grams.
Silver Prices Also Increase
Silver prices are rising too. Currently, 24-karat silver is priced at Rs3,100 per tola, up by Rs50. The price for 10 grams of silver is now Rs2,658, which is an increase of Rs43.
Price Overview for October 2024
Here’s a quick look at the prices for gold and silver on October 18, 2024:
| PKR (24-karat per tola) | Oct 18, 2024 | Oct 17, 2024 | Change | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 280,900 | 277,900 | +3,000 | +12,400 | +39,200 | +60,900 |
| Silver | 3,100 | 3,050 | +50 | +150 | +250 | +420 |
As you can see, both gold and silver prices are continuing to rise.
Conclusion
Gold price have reached record levels in Pakistan and around the world, driven by various global factors. Many are closely watching these trends to see where prices will go next.
For daily information on gold prices, check out the Daily Gold Update. For more detailed information and market analysis, check out Daily Gold Signal.
