Tag: gold price

  • Gold price increases by Rs2,900 per tola to new record

    Gold price increases by Rs2,900 per tola to new record

    On Wednesday, gold price rose by a massive Rs2,900 per tola in the local market, reaching Rs287,900.

    The latest rate marks the highest gold price ever recorded in the history of Pakistan.

    Today’s gold price is also Rs2,500 higher than the previous record high, which was observed last week when the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) quoted gold at Rs285,400 per tola.

    Additionally, the price of ten grammes of gold has also risen in the local market, with APGJSA reporting it at Rs246,828 after a single-day jump of Rs2,486. The price of one gramme of gold in the country now stands at Rs24,682.8.

    Previously, the rate of one gramme of gold in the local market was Rs22,196.

    This increase was not only observed in Pakistan, as international gold prices also saw a rise. The APGJSA reported that on Wednesday October 30 the price of gold rose by $29 internationally, reaching $2,784.

    Meanwhile, silver prices in the country remained stable once again, with the price per tola recorded at Rs3,350.

  • Gold price in Pakistan surges by Rs2,000 per tola after two-day decline

    Gold price in Pakistan surges by Rs2,000 per tola after two-day decline

    Gold price in Pakistan resumed its upward trend on Saturday after dropping in the previous two trading sessions.

    According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), which releases gold rates on a daily basis, the price of the precious metal increased by Rs2,000 per tola to Rs284,300. 

    The ten-gramme gold price was also recorded up by Rs1,714, reaching Rs243,741, which means the gold rate currently stands at Rs24,374 per gramme in Pakistani market. 

    Silver prices in the country remained unchanged and were traded at Rs3,350 per tola. 

    Gold prices also increased in the international market as the price per ounce was recorded at $2,748 after observing an increase of $22. 

    Notably, before today’s gain, the gold price had increased for seven straight sessions before witnessing a decline on October 24 and 25. The gold price recorded a total loss of Rs3,100 per tola this week, falling Rs2,300 per tola on Thursday and Rs800 per tola on Friday. 

    Interestingly, the gold rate in Pakistan was recorded at its historic peak of Rs285,400 per tola. The latest price of gold is about Rs1,100 lower than the historic high observed this week. 

    As gold is considered a hedge against economic and political uncertainties, the demand for the yellow metal is on the rise internationally as Middle East tensions and uncertainty regarding the upcoming US election spurred demand for safe-haven assets.

  • New record high: Gold price crosses Rs285,000 per tola

    New record high: Gold price crosses Rs285,000 per tola

    Gold price in Pakistan resumed its record high run on Wednesday and surpassed the Rs285,000 per tola mark for the first time in history.

    According to All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the latest increase comes after the 24-karat gold price witnessed a single-day gain of Rs2,000, bigger than the increase it witnessed on the previous trading day, closing Tuesday’s session at Rs285,400 per tola.

    The price of ten-gramme gold was also seen up by Rs1,714, clocking in at Rs244,684.

    Internationally, the yellow metal’s rate surged by $20 to $2,757 per ounce. This price also includes a premium of $20.

    Experts say that the latest surge in global and local bullion markets is due to conflicts in the Middle East and confusion regarding the upcoming elections in the US.

    In such circumstances, gold is seen as a hedge against economic and geopolitical uncertainties.

    The price of gold in Pakistan is currently Rs65,700 per tola up since the start of this calendar year. For those unaware, the price of gold, according to APGJSA, on the first trading day of 2024 was recorded at Rs219,700 per tola.

  • Gold price in Pakistan increases Rs6,300 in a week

    Gold price in Pakistan increases Rs6,300 in a week

    Gold price in Pakistan witnessed an increase of Rs6,300 per tola within six trading sessions during the week ending on October 19, 2024.

    On a week-over-week basis, the price of 24-karat gold surged by Rs6,300, breaking all-time high record and ending the week at a new record high rate of Rs281,800 per tola as compared to its price recorded on October 12, when the yellow metal was priced at Rs275,500 per tola in the local gold market.

    A number of experts have attributed the latest surge in local and international gold prices to escalating tensions in the Middle East, along with uncertainties regarding US elections, coupled with relaxed monetary policy expectations.

    The latest increase in gold’s rate was witnessed on Saturday, when gold prices saw an increase of Rs900 per tola ad closed at new historic high.

    According to All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), which shares gold prices on a daily basis, the ten-gramme gold also witnessed a single-day surge of Rs772, clocking in at Rs241,598.

    The recent surge in local gold rates comes after gold prices, in the international market, were seen at their highest level after rising by $9. As per APGJSA, the price of gold was recorded at $2,721 per ounce, including a premium of $20.

    Silver prices in the local market were also up for the second straight session. According to the associaton, silver rate was recorded about Rs50 up, settling the week at Rs3,150 per tola.

  • Gold hits historic peak of Rs280,900 per tola in Pakistan

    Gold hits historic peak of Rs280,900 per tola in Pakistan

    The gold price in Pakistan continued its upward trend and surged to a level never seen in the history of Pakistan.

    All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), which releases gold rates in the local market on a daily basis, reported that the price of 24-karat gold was seen at a new record high of Rs280,900 per tola.

    As per the APGJSA, the gold price recorded a massive increase of Rs3,000 per tola during the day and rose to its all-time high level.

    Interestingly, this is the third straight record high price recorded for gold within this week.

    The last record high price of 24-karat gold was recorded on Thursday when the association quoted the precious metal’s rate at Rs277,900, which was the then-record high.

    The previous record high, before today’s peak, was seen after the yellow metal witnessed a single-day surge of Rs700 in its earlier price of Rs277,200 per tola, recorded on Wednesday.

    The price for ten-gramme gold also spiked and was recorded at Rs240,826 after an increase of Rs2,572.

    Finally, silver prices also rose in the local market on Friday as the per tola rate jumped by Rs50 to Rs3,100 per tola.

    Today’s surge comes after the gold price saw an unexpectedly big increase of $30 in the international market, clocking in at $2,712 per ounce. This price is inclusive of a premium of $20.

  • 24-karat gold price hits fresh record high in Pakistani market

    24-karat gold price hits fresh record high in Pakistani market

    After increasing in the international markets, gold prices climbed in Pakistan and were seen at their highest-ever level on Thursday.

    The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), which shares gold rates on a daily basis, reported that the price for 24-karat gold recorded a single-day surge of Rs900 per tola, which pushed the precious metal’s rate to a new all-time high of Rs277,900 per tola in Pakistani gold markets.

    The previous all-time high was recorded on Wednesday, when gold’s price in Pakistan was recorded at a then-high of Rs277,200 per tola, after witnessing a massive single-day increase of Rs2,200 per tola.

    It is worth adding here that the latest surge follows a notable increase in the price of gold in international markets. According to the APGJSA, the price for one ounce of gold was recorded at $2,682. This price also includes a premium of $20.

    The total surge the yellow metal witnessed in the global market was $7 per ounce.

    Despite gold surging to its highest-ever level in the history of Pakistan, silver prices remained unchanged and were recorded at Rs3,050 per tola.

  • Gold price jumps to record high of Rs277,200 per tola

    Gold price jumps to record high of Rs277,200 per tola

    Gold price in Pakistan unexpectedly surged by Rs2,200 per tola to its new record high following an increase in the international bullion rates.

    According to the  All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), after the big rise seen in yellow metal’s rate in local market, the price of 24 karat gold was recorded at a new all-time high of Rs277,200 per tola on Wednesday.

    The latest rate is Rs200 per tola higher than the last record high observed in the month of September 2024.

    APGJSA said that the price of 10-gramme gold also increased by Rs1,886 to Rs237,654.

    In the last trading session, the precious metal’s price was recorded Rs700 per tola higher than Monday’s, clocking in at 275,000 per tola.

    Read more: Exchange rates: PKR drops over two paisa against US dollar

    On the international front, gold rate surged by $22 per ounce, as the APGJSA quoted the new rate at $2,675. This price also includes a premium of $20 per ounce.

    Silver prices in Pakistan witnessed no change and stayed at Rs3,050 per tola.

  • Gold price drops by Rs4,000 in two days to Rs271,700 per tola in Pakistan

    Gold price drops by Rs4,000 in two days to Rs271,700 per tola in Pakistan

    Gold prices seem to be going down after touching the highest ever peak of Rs277,000 per tola in the previous month.

    On Wednesday, the price for 24-karat gold in Pakistan dropped by a whopping Rs3,000 per tola unexpectedly and was recorded at Rs271,700 in the local bullion market.

    This means the price is now Rs5,300 per tola down from the all-time high level seen in September 2024. So, is it a good time to buy gold in Pakistan? Maybe… or maybe not as the price may drop even further in the coming weeks.

    Along with the per tola, ten-gramme gold rates are also down by Rs2,572 as the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported the price for ten-gramme to be at Rs232,939.

    Since the start of this week, gold rates have declined Rs4,000 per tola within two days.

    In the previous week, the total loss gold suffered was of Rs500 per tola only.

    The international rate of gold was also seen down, according to the APGJSA, the price was recorded at $2,617 per ounce, including a premium of $20, and down by $30.

    Not surprisingly, the price of silver remained unchanged at Rs3,050 per tola in the local market.

  • Gold price drops by Rs700 to Rs275,500 per tola

    Gold price drops by Rs700 to Rs275,500 per tola

    The gold price in Pakistan declined on sixth trading day of the week after a drop in the international bullion rates.

    According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of the yellow metal on Saturday was recorded Rs700 per tola down from yesterday’s Rs276,200 per tola.

    Keeping in view the latest rates released by the association, the price for 24-karat gold was recorded at Rs275,500 per tola in local gold market.

    The price for ten gramme gold was reported about Rs600 down at Rs236,197.

    It is worth noting that the price for one tola gold was seen at an all-time high of Rs277,000 per tola in the previous week.

    One again, the price for silver remained unchanged in Pakistan at Rs3.050 for one tola.

    On the global front, the price of gold droppped by $7 to $2,653 per ounce. This price also includes a premium of $20.

  • Gold price breaks losing streak, increases by Rs600 per tola to Rs275,500

    Gold price breaks losing streak, increases by Rs600 per tola to Rs275,500

    After witnessing days of decline, gold price rebounded slightly in Pakistan. The 24-karat gold rate in local bullion markets was recorded up by Rs600 per tola as the yellow metal was traded at Rs275,500.

    According to rates shared by the Karachi Sarafa Association, the price of ten gramme 24-karat gold was recorded at Rs236,197. This rate also shows an increase of Rs515 per ten gramme as compared to Tuesday’s rate.

    It seems like, this time, the price of precious metal was not up in line with international gold market. According to latest rates, spot gold was seen at $2,653 an ounce, showing a decline of $6.7 and 0.25 per cent.

    As expected, silver prices in the country once again remained unchanged. The price for 24-karat silver was recorded at Rs3,050 per tola and Rs2,615 per ten gramme.

    For those unaware, gold price in the previous week was recorded at an all-time high of Rs277,000 per tola which was attributed to the international surge in bullion in rates, intensifying geopolitical tensions in Middle East and increasing demand from Chinese and Indian market after Fed rate cuts.