The gold price in Pakistan experienced a notable surge on Friday. The price of 24-karat gold rose to Rs276,900 per tola, marking a Rs2,200 increase.
Gold Price Update
For those tracking daily gold rate trends, the price of 24-karat gold per 10 grams also saw a rise. It reached Rs237,397 after gaining Rs1,886, as per the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). Likewise, the price of 22-karat gold rose to Rs217,614 per 10 grams.
Silver Prices Hold Steady
Unlike silver, gold price in Pakistan remained steady. The price of 24-karat silver held firm at Rs3,350 per tola and Rs2,872 per 10 grams.
Factors Influencing Gold Prices
Several factors contribute to the fluctuations in gold prices. Key drivers include:
- Global Economic Indicators: Reports such as inflation rates and employment data often impact gold price update.
- Currency Value: Changes in the Pakistani Rupee against the U.S. Dollar can directly affect local gold rates.
- Geopolitical Events: Global tensions and uncertainties drive investors toward safe-haven assets like gold.
Why Monitor Gold Prices?
Tracking gold prices is essential for investors, jewelers, and consumers alike. Whether you’re planning to invest in gold or purchase jewelry, staying updated on market trends can help you make informed decisions.
Global Gold Trends
Globally, spot gold traded near $2,658 per ounce, marking a slight dip of $0.3 or 0.01% from the prior session. Traders are now looking ahead to U.S. economic data due next week. These reports may affect the Federal Reserve’s monetary policy direction for 2025 and decisions by President Donald Trump’s incoming administration.
For more updates on gold price trends, visit Daily Gold Signal. Additionally, explore detailed insights at Daily Gold Update.
