Gold price in Pakistan increased by Rs600 on Wednesday. The new price of 24-karat gold is now Rs275,500 per tola. This rise is due to changes in the local market and global events.
Globally, the price of gold has also changed. Spot gold now trades at $2,653 per ounce, which is $6.7 lower (0.25%). This drop comes after a 1.1% increase the previous day, due to tension between Iran and Israel.
Gold Prices in Pakistan
The Karachi Sarafa Association reported that 24-karat gold costs Rs236,197 per 10 grams, a rise of Rs515. The price of 22-karat gold is now Rs216,514 per 10 grams. Gold prices are increasing in line with global trends.
Meanwhile, silver prices have remained unchanged. The price for 24-karat silver is Rs3,050 per tola and Rs2,615 per 10 grams.
Gold and Silver Price Trends
Here’s a simple table showing recent changes in gold and silver prices:
| Date | Gold (Rs per tola) | Silver (Rs per tola) | Price Change (DoD) | 1-Month Change | FYTD Change | CYTD Change |
|---|---|---|---|---|---|---|
| Oct 02, 2024 | 275,500 | 3,050 | 600 | 14,000 | 33,800 | 55,500 |
| Oct 01, 2024 | 274,900 | 3,050 | 0 | 100 | 200 | 370 |
Gold prices have been rising steadily over the past month, while silver prices have stayed the same.
Global Gold Trends
Gold prices around the world are affected by events like wars and economic changes. The price of gold dropped slightly to $2,653 per ounce, after a sharp rise the previous day due to conflict in the Middle East. Gold is frequently viewed as a reliable investment in times of uncertainty.
Why Gold Prices Matter
Gold price is important in Pakistan economy. People often buy gold to protect their savings. The recent increase in prices will affect those who invest in gold.
For more information and updates on gold prices, check out Daily Gold Signal.
