Tag: gold rate in Pakistan

  • Gold price rebounds by Rs1,000 to Rs251,000 per tola

    Gold price rebounds by Rs1,000 to Rs251,000 per tola

    Gold prices in Pakistan saw an increase on Monday, with 24-karat gold being sold at Rs251,000 per tola, marking a rise of Rs1,000.

    According to the Karachi Sarafa Association, the price of 24-karat gold also increased by Rs857, reaching Rs215,192 per 10 grammes.

    The price of 22-karat gold followed suit, with a notable increase to Rs197,260 per 10 grammes.

    Conversely, silver prices in the domestic market remained unchanged. The price of 24-karat silver held steady at Rs2,920 per tola and Rs2,503 per 10 grammes.

    On the international front, spot gold traded near $2,407 an ounce, reflecting a decrease of $4.5, or 0.19 per cent, from the previous session.

  • Gold price drops by Rs1,300 per tola to Rs245,100 per tola

    Gold price drops by Rs1,300 per tola to Rs245,100 per tola

    Gold prices in Pakistan experienced a notable drop on Monday, mirroring a decrease in international markets.

    The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported that the price of gold per tola fell by Rs1,300, bringing it down to Rs245,100. Similarly, the rate for 10 grammes of gold decreased by Rs1,113, settling at Rs210,134.

    On the global stage, the price of gold was set at $2,376 per ounce, including a $20 premium, after a decline of $12 during the day.

    In contrast, silver prices in Pakistan remained steady, with rates holding firm at Rs2,900 per tola.

    Moreover, the Pakistani rupee on the first trading day of the week declined by Rs12.74 paisa to Rs278.5 against the US dollar.

  • 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.

  • 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.

  • Gold price reaches all-time high of Rs241,100 per tola

    Gold price reaches all-time high of Rs241,100 per tola

    Gold prices in Pakistan have hit a fresh record high, with the 24-karat gold reaching Rs241,100 per tola in today’s trading session. 

    This marks an increase of Rs2,200 per tola compared to the previous session’s close.

    It’s important to highlight that the previous peak for 24-K gold stood at Rs240,000, noted on May 10, 2023. 

    However, the all-time intraday high for gold has not been surpassed yet. According to the Karachi Sarafa Association, the highest intraday price recorded stands at Rs242,700.

    The current surge in domestic gold prices has been ongoing since March, with the precious metal seeing a significant increase of Rs19,100 in line with the rise in international gold prices.

    The association also reported that the price of 24-karat gold reached Rs206,704 per 10 grammes, marking an increase of Rs1,886 compared to the previous session. 

    Similarly, the price of 22-karat gold saw an uptick, reaching Rs189,480 per 10 gramme.