Tag: Gold price in Pakistan

  • 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 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 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.

  • Gold price climbs to new record high of Rs275,500 per tola following Rs2,500 increase

    Gold price climbs to new record high of Rs275,500 per tola following Rs2,500 increase

    Bullion prices in Pakistan continued to climb on the  third trading day of the week as the rate for 24-karat gold was recorded Rs2,500 per tola higher than the previous closing.

    According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold in local market was reported at Rs275,500 per tola.

    The latest price of gold is the highest ever rate recorded for the precious metial in Pakistan’s history.

    Furthermore, the price of ten grammes of gold was quoted by APGJSA at Rs236,197 after a rise of Rs2,144 in today’s session.

    This follows a surge in yellow metal’s value witnessed in the international market. According to APGJSA, gold price in the global market increased by $25 on Wednesday, clocking in at $2,653 per ounce. This rate also includes a premium of $20.

    Gold price in Pakistan has increased by more than Rs50,000 per tola this year due to fluctuations in the international market.

  • Gold price drops by Rs600 from record high to Rs271,900 per tola

    Gold price drops by Rs600 from record high to Rs271,900 per tola

    Gold prices in Pakistan dropped after hitting record high in the previous session.

    On first trading day of the week, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold fell by Rs600 and closed at Rs271,900 per tola.

    The price of 10-gramme of gold was recorded at Rs233,110 after sliding by Rs471.

    It is worth mentioning that the gold price in the last two trading sessions jumped by Rs4,000 per tola.

    The last gold rate before Monday’s closing was Rs272,500 per tola.

    Furthermore, silver prices were unchanged once again, clocking in at Rs2,950 per tola.

    The price of gold in the global market also witnessed a loss of $5 during the day and was recorded at $2,617 per ounce. This price also includes a premium of $20.

  • Gold price surges by Rs4,000 in two days, now at Rs272,500 per tola

    Gold price surges by Rs4,000 in two days, now at Rs272,500 per tola

    Gold prices in Pakistan continued to climb on Saturday, after increasing in the international markets.

    The price of gold in the local bullion market rose by Rs500 per tola, reaching a level never witnessed in the country’s history.

    According to All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of the precious metal was recorded at Rs272,500, breaking Friday’s record.

    It is worth noting that the last highest price of gold was recorded yesterday, when yellow metal’s rate was quoted by gold dealers at Rs272,000 per tola. Gold prices earlier witnessed a massive rise of Rs3,500 per tola on the previous trading day.

    Furthermore, the price for 10 grammes of gold also increased today, witnessing a surge of Rs429 and closing the day at Rs233,625.

    Considering international market, gold prices jumped further, with the APGJSA reporting the rate at $2,622 per ounce. This rate includes a $20 premium.

    Globally, the gold rate witnessed a hike of $10 during the day.

    Once more, silver prices were seen unchanged at Rs2,950 for one tola.

  • Another record high in three days: Gold price reaches Rs265,900 per tola

    Another record high in three days: Gold price reaches Rs265,900 per tola

    After a little break, gold prices in Pakistan rebounded on Friday and surged to highest level ever seen in the country’s history. The 24-karat gold price witnessed a notable single-day increase of Rs2,900 per tola and closed at Rs265,900.

    This follows a decline of Rs1,000 seen in the price of precious metal, which pushed its rate to Rs263,000 per tola on Thursday.

    It is worth noting that the last record high price was observed less than three days ago when the bullion market quoted the gold’s rate at Rs264,000 per tola.

    Interestingly, before the gold hit the Rs264,000 per tola mark, the then record high price of gold was observed in August when local gold markets quoted gold at Rs263,700 per tola.

    According to All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), as of today, the ten-gramme gold rate stands at Rs227,966 after surging by Rs2,486.

    Read more: FBR considering imposing hefty fines, freezing bank accounts for false or incomplete tax filings

  • Gold price falls Rs1,000 from historic high, now at Rs263,000 per tola

    Gold price falls Rs1,000 from historic high, now at Rs263,000 per tola

    On Thursday, the 24-karat gold rate in Pakistan dropped Rs1,000 per tola from the record high peak witnessed on the last trading day.

    According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of yellow metal was recorded today at Rs263,000 per tola as compared to the historic high of Rs264,000 per tola on Wednesday.

    Bullion rates shared by the APGJSA showed that the price of ten grammes of gold was also down by Rs857 to Rs225,480.

    The price of silver in Pakistani market remained unchanged at Rs2,900 per tola

    A price drop was also witnessed internationally, with the per ounce gold rate decreasing by $8 to $2,515. This rate includes a premium of $20.

    The previous all-time high price of gold was seen in August, when the precious metal’s per tola rate surged to Rs263,700 in Pakistan.

    The latest price of gold in Pakistan is about Rs700 per tola lower than August’s high and Rs1,000 per tola below September’s peak.