Gold prices in Pakistan experienced a significant boost as Goldman Sachs reaffirmed its forecast of gold prices reaching $3,000 per ounce by 2025. This forecast has reignited interest in the precious metal, both locally and globally.
Gold Prices In Pakistan Soar Locally
In the local market, 24-karat gold climbed to Rs273,500 per tola, marking an increase of Rs3,600. Similarly, 24-karat gold per 10-gram was priced at Rs234,482, up by Rs3,086 according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). Even 22-karat gold, often used in ornaments, recorded a higher price at Rs214,942 per 10-gram.
Global Gold Trends and Latest Gold Prices
Globally, spot gold surged significantly, marking its highest jump since August. Gold prices increased to $2,618 per ounce after a nearly 2% rise. Goldman Sachs analysts emphasized investing in gold, further fueling investor confidence.
Silver Prices Remain Stable
Unlike gold, silver prices showed no movement in the domestic market. 24-karat silver maintained its rates at Rs3,250 per tola and Rs2,786 per 10-gram, reflecting stability amidst gold’s sharp increase.
Key Market Trends (November 19, 2024)
| Commodity | Today’s Price (Rs) | Previous Price (Rs) | DoD Change | Monthly Change | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold (24-karat) | 273,500 | 269,900 | +3,600 | -8,300 | 31,800 | 53,500 |
| Silver (24-karat) | 3,250 | 3,250 | 0 | +100 | 400 | 570 |
Gold continues to dominate market movements, supported by international forecasts and rising demand.
Why Focus on Gold Investment?
Gold remains a reliable hedge against inflation and market volatility. As international prices rise, local investors see opportunities to secure their wealth.
For regular updates on the latest gold rates, visit Daily Gold Signal. For detailed insights into gold market trends, explore the Daily Gold Update.
