Tag: Gold price in Pakistan

  • Fourth consecutive surge pushes gold price to Rs246,400 per tola in Pakistan

    Fourth consecutive surge pushes gold price to Rs246,400 per tola in Pakistan

    Gold prices in Pakistan rose for the fourth consecutive session on Saturday, mirroring an uptick in the international market.

    The price of gold per tola in the local market climbed by Rs2,000, reaching Rs246,400, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

    Similarly, the price of 10-gramme gold increased by Rs1,740, selling at Rs211,247. This follows a Rs1,100 rise in the price per tola observed on Friday.

    Internationally, gold prices also saw an increase on Saturday. The rate, as reported by APGJSA, was $2,388 per ounce (including a $20 premium), marking a $24 gain for the day.

    Silver prices also saw an upward trend, rising by Rs50 to settle at Rs2,900 per tola.

    In April, the price of gold in the local market hit a record high of Rs252,200 per tola.

  • Gold price increases by Rs1,000 to Rs243,300 per tola

    Gold price increases by Rs1,000 to Rs243,300 per tola

    Gold prices in Pakistan experienced a significant rise on Thursday, with 24-karat gold now being sold at Rs243,300 per tola, marking an increase of Rs1,000 per tola from the previous day.

    Despite this increase, the price remains Rs3,000 below its actual cost, reflecting the ongoing reduction in purchasing power.

    The Karachi Sarafa Association reported that the price of 24-karat gold per 10 grammes rose by Rs857, reaching Rs208,590. In comparison, 22-karat gold saw a similar upward trend, priced at Rs191,207 per 10 grammes.

    In contrast, silver prices remained stable in the domestic market. The price of 24-karat silver stood at Rs2,850 per tola and Rs2,443 per 10 grammes, showing no change from the previous rates.

    On the international stage, spot gold traded near $2,357 an ounce, a slight decline of $2.2 or 0.09 per cent from the previous session. This minor dip did not significantly impact the local market, where the primary concern remains the diminished purchasing power of consumers.

    The ongoing fluctuations in gold prices highlight the broader economic challenges facing consumers and traders alike in Pakistan.

  • 24 karat gold price declines by Rs200 to Rs241,500 per tola

    24 karat gold price declines by Rs200 to Rs241,500 per tola

    The price of gold in Pakistan saw a decline on Monday, with 24-karat gold being sold at Rs241,500 per tola, marking a decrease of Rs200 per tola.

    This reduction is noteworthy as the price has been maintained at Rs1,500 below its actual cost due to diminished purchasing power among consumers.

    According to the Karachi Sarafa Association, the price of 24-karat gold per 10 grammes also fell, now standing at Rs207,047, a reduction of Rs172 per 10 grammes. Similarly, the price of 22-karat gold was recorded lower at Rs189,793 per 10 grammes.

    Meanwhile, silver prices in the domestic market remained stable. The price of 24-karat silver was unchanged, selling at Rs2,850 per tola and Rs2,443 per 10 grammes.

    On the international front, spot gold traded near $2,327 an ounce, an increase of $2.8 or 0.12% from the previous session.

  • Gold price increases by Rs700 to Rs241,700 per tola

    Gold price increases by Rs700 to Rs241,700 per tola

    Gold prices in Pakistan have risen for the second consecutive session, mirroring an upward trend in the international market.

    On Friday, the price of gold per tola reached Rs241,700, marking a single-day increase of Rs700.

    Similarly, the price of 10-gram gold rose by Rs600, bringing it to Rs207,219, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

    This follows a Rs400 increase on Thursday, when the price per tola reached Rs241,000.

    Internationally, gold prices climbed on Friday. According to the APGJSA, the international rate stood at $2,326 per ounce, including a $20 premium, after a $22 increase during the day.

    Meanwhile, silver prices remained stable at Rs2,850 per tola.

    In April, gold prices in the local market hit an all-time high of Rs252,200 per tola.

  • Gold price surges to Rs241,000 per tola with Rs400 increase

    Gold price surges to Rs241,000 per tola with Rs400 increase

    The price of gold in Pakistan saw an uptick on Thursday, with 24-karat gold being sold at Rs241,000 per tola, marking an increase of Rs400 per tola.

    The Karachi Sarafa Association reported that the price of 24-karat gold per 10 grammes rose to Rs206,619, reflecting an increase of Rs343.

    The price of 22-karat gold also experienced an increase, being quoted at Rs189,400 per 10 grammes.

    In contrast, silver prices in the domestic market remained stable. The price of 24-karat silver stood unchanged at Rs2,850 per tola and Rs2,443 per 10 grammes.

    On the international front, spot gold traded near $2,304 an ounce, registering an increase of $5.6 or 0.24 per cent from the previous session.

  • Gold price drops by Rs500 to Rs241,500 per tola

    Gold price drops by Rs500 to Rs241,500 per tola

    On Tuesday, gold prices in Pakistan saw a decline, marking a shift in the market trend. According to the Karachi Sarafa Association, the price of 24-karat gold fell to Rs241,500 per tola, a decrease of Rs500 per tola from the previous day’s rates.

    Similarly, the price for 10 grammes of 24-karat gold was reported at Rs207,047, reflecting a reduction of Rs429 per tola.

    Conversely, 22-karat gold was also quoted lower at Rs189,793 per 10 grammes.

    Meanwhile, silver prices remained unchanged in the domestic market, with 24-karat silver holding steady at Rs2,850 per tola and Rs2,443 per 10 grammes.

    Globally, the spot gold price hovered near $2,323 per ounce, showing a decline of $7.2 or 0.31 per cent compared to the previous trading session.

    This movement indicates ongoing volatility and fluctuations in the international gold market.

  • 24 karat gold price increases by Rs500 to Rs242,000 per tola in local market

    24 karat gold price increases by Rs500 to Rs242,000 per tola in local market

    The price of gold surged in the local market on Monday, with the rate for per tola (11.66 grammes) of 24 karat gold increasing by Rs500 to reach Rs242,000, as reported by the All Sindh Sarafa Jewellers Association. This marks a rise from its previous closing price of Rs241,500.

    Similarly, the price of 10 grammes of 24 karat gold rose by Rs429 to Rs207,476 from Rs207,047. Meanwhile, 10 grammes of 22 karat gold also saw an uptick, climbing to Rs190,186 from Rs189,793.

    According to the association, the prices of per tola and 10 grammes of silver remained unchanged at Rs2,850 and Rs2,443.41 respectively.

    Internationally, the price of gold saw a modest increase of $8 to $2,328 per ounce from $2,320, reflecting a positive trend in global markets.

    Over the weekend, gold prices in Pakistan had dipped, aligning with a downturn in the international market. The All Pakistan Gems and Jewellers Sarafa Association reported that on Saturday, the price per tola had decreased to Rs241,500, following a single-day decline of Rs1,400.

    Earlier this year in April, gold prices had reached an all-time high of Rs252,200 per tola in the local market, underscoring the volatility influenced by global market dynamics.

    The fluctuations in gold prices are predominantly driven by shifts in the international market, which are influenced by changes in global demand and supply for the precious metal.

  • Gold price drops by Rs1,400 to Rs241,500 per tola

    Gold price drops by Rs1,400 to Rs241,500 per tola

    In a significant turn of events, gold prices in Pakistan fell on Saturday, aligning with a downward trend in the international market.

    The price of gold per tola dropped by Rs1,400, settling at Rs241,500, as reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

    Similarly, the price of 10 grammes of gold decreased by Rs1,201, reaching Rs207,047. This decline follows a notable rise on Friday when the price per tola had surged by Rs1,600 to hit Rs242,900.

    On the international stage, gold prices also saw a decline on Saturday. According to the APGJSA, the international rate was set at $2,320 per ounce, including a $20 premium, after experiencing a $43 drop during the day.

    Contrarily, silver prices showed an upward trend in the local market, increasing by Rs100 to reach Rs2,850 per tola.

    It is noteworthy that gold prices had previously peaked in April, hitting an all-time high of Rs252,200 per tola in Pakistan.

    The recent fluctuations highlight the ongoing volatility in both local and international precious metals markets.

  • 24-karat gold price increases by Rs1,600 to Rs242,900 per tola in Pakistan

    24-karat gold price increases by Rs1,600 to Rs242,900 per tola in Pakistan

    The price of gold in Pakistan saw a significant increase on Friday, with 24-karat gold reaching Rs242,900 per tola, marking a rise of Rs1,600 per tola. Despite this increase, the price is notably Rs4,500 below its actual cost due to a decline in purchasing power.

    The Karachi Sarafa Association reported that the price of 24-karat gold per 10 grammes rose to Rs208,248, an increase of Rs1,372. Similarly, 22-karat gold prices also saw a hike, reaching Rs190,894 per 10 grammes.

    In contrast, silver prices remained stable in the domestic market. The price of 24-karat silver stood at Rs2,750 per tola and Rs2,358 per 10 grammes.

    On the global market, spot gold was trading near $2,364 an ounce, a modest increase of $3.9 or 0.17 per cent from the previous session. The precious metal is poised for a second consecutive weekly gain, bolstered by softer U.S. economic data that has fueled investor optimism about potential monetary easing.

    Thursday’s data showed a moderate decline in first-time applications for U.S. unemployment benefits last week, coupled with a drop in new housing construction. Additionally, retail sales data from the previous month were tepid, all of which have increased the likelihood of a rate cut in September, according to Reuters.

    Lower interest rates tend to reduce the opportunity cost of holding non-yielding bullion, making gold a more attractive investment. Meanwhile, China’s yuan fell to a fresh seven-month low against the dollar, further influencing the global economic landscape.

  • Gold price hits Rs241,500 per tola after recent surge

    Gold price hits Rs241,500 per tola after recent surge

    The price of gold in Pakistan saw a significant rise on Friday, with 24-karat gold now selling at Rs241,500 per tola, marking an increase of Rs800 per tola.

    This adjustment is notable as the price has been maintained Rs1,500 below its actual cost due to a reduction in purchasing power.

    The Karachi Sarafa Association reported that the price of 24-karat gold per 10 grammes has increased by Rs686, bringing it to Rs207,047. Similarly, 22-karat gold saw a price hike, reaching Rs189,793 per 10 grammes.

    In contrast, silver prices remained steady in the domestic market. The price of 24-karat silver continued to be Rs2,750 per tola and Rs2,358 per 10 grammes.

    On the international stage, spot gold was trading near $2,331 an ounce, reflecting a rise of $28.7 or 1.25 per cent from the previous session. This upward trend in the global market has influenced the local pricing dynamics in Pakistan.

    The ongoing fluctuation in gold prices is closely monitored by investors and market participants, as it reflects broader economic conditions and purchasing power within the country.