Tag: Gold rate today

  • Gold price drops by Rs500 per tola, silver rates remain stable

    Gold price drops by Rs500 per tola, silver rates remain stable

    Gold prices in Pakistan experienced a decline on Tuesday. The price of 24-karat gold fell to Rs250,500 per tola, a reduction of Rs500.

    According to the Karachi Sarafa Association, the price for 24-karat gold was reported at Rs214,763 per 10 grammes, down by Rs429. Similarly, the price of 22-karat gold decreased, now standing at Rs196,866 per 10 grammes.

    In contrast, silver prices remained stable in the local market. The price for 24-karat silver was unchanged at Rs2,920 per tola and Rs2,503 per 10 grammes.

    On the international front, spot gold prices held steady near $2,395 per ounce, showing little change from the previous trading session.

  • 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 falls by Rs3,000 per tola after hitting record high

    Gold price falls by Rs3,000 per tola after hitting record high

    The price of gold in Pakistan saw a decline on Friday after reaching a record high the previous day.

    The cost of 24-karat gold fell to Rs251,000 per tola, a decrease of Rs3,000 from the peak. Despite this drop, the price remains Rs1,600 below its actual cost today.

    According to the Karachi Sarafa Association, the price of 24-karat gold was reported at Rs215,192 per 10 grams, marking a decline of Rs2,572. In parallel, the price for 22-karat gold also saw a reduction, now standing at Rs197,259 per 10 grams.

    Silver prices also experienced a decline in the domestic market. The cost of 24-karat silver fell to Rs2,850 per tola, down by Rs50, while the price for silver per 10 grams decreased to Rs2,443, a drop of Rs43.

    On the international front, spot gold traded around $2,418 per ounce, down by $26.80 or 1.10 per cent from the previous session. Despite the recent dip, analysts remain optimistic about gold’s medium-term prospects, citing ongoing political uncertainties and anticipated rate cuts as factors that could bolster gold’s appeal.

    Kelvin Wong, senior market analyst for Asia Pacific at OANDA, noted that while profit-taking is currently influencing gold prices, the outlook remains positive.

    Markets are forecasting a 98 per cent probability of a Federal Reserve rate cut in September, according to the CME FedWatch Tool. Non-yielding gold often becomes more attractive in a low-interest rate environment.

  • Gold price increases by Rs1,200 to Rs246,800 per tola

    Gold price increases by Rs1,200 to Rs246,800 per tola

    On Thursday, gold prices in Pakistan saw a notable increase, reflecting global market dynamics. According to the Karachi Sarafa Association, 24-karat gold was priced at Rs246,800 per tola, marking a Rs1,200 rise per tola.

    Notably, despite this uptick, the price remains Rs2,500 below its actual cost due to prevailing economic conditions impacting purchasing power.

    For 10-gramme quantities, the price of 24-karat gold stood at Rs211,591, up by Rs1,029 per tola. Meanwhile, 22-karat gold was quoted higher at Rs193,959 per 10 grammes.

    In contrast, silver prices remained steady within the domestic market. The price of 24-karat silver was reported at Rs2,900 per tola and Rs2,486 per 10 grammes.

    Internationally, spot gold prices near $2,382 per ounce showed a modest increase of $9.6 or 0.41 per cent from the previous session.

    This latest movement in precious metal prices underscores both local economic factors influencing consumer buying power and broader global trends impacting commodity markets.

  • 24 karat gold price increases by Rs600 to Rs245,600 per tola

    24 karat gold price increases by Rs600 to Rs245,600 per tola

    Gold prices in Pakistan witnessed a slight rise on Wednesday, following a similar trend in international markets.

    According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs600, bringing it to Rs245,600.

    The price for 10 grammes of gold also saw a modest uptick, gaining Rs514 to reach Rs210,562.

    This increase comes after a minor decline on Tuesday when the price per tola dropped by Rs100.

    Internationally, gold prices also climbed on Wednesday. The APGJSA reported that the global rate for gold stood at $2,372 per ounce, inclusive of a $20 premium, after a $10 increase.

    In contrast, silver prices remained stable, with the rate per tola holding steady at Rs2,900.

    It is noteworthy that in April, gold prices in the local market hit an all-time 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.

  • 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 surges by Rs600 to Rs241,900 per tola

    Gold price surges by Rs600 to Rs241,900 per tola

    The price of gold in Pakistan saw a notable increase on Wednesday, with 24-karat gold reaching Rs241,900 per tola, marking a rise of Rs600 per tola.

    According to the Karachi Sarafa Association, the price of 24-karat gold per 10 grammes also climbed, now standing at Rs207,390, an increase of Rs514.

    Similarly, 22-karat gold experienced a price hike, with the new rate quoted at Rs190,108 per 10 grammes. In contrast, silver prices remained stable in the domestic market. The price of 24-karat silver held steady at Rs2,750 per tola and Rs2,358 per 10 grammes.

    On the international stage, spot gold traded near $2,314 per ounce, showing little change from the previous session. Investors are keeping a close watch on the upcoming US inflation data, which is set to be released just hours before the Federal Reserve’s decision on interest rates today.

    This data could significantly influence gold prices, as any shifts in interest rates may impact investor sentiment and demand for precious metals.

    The recent surge in gold prices in Pakistan reflects the broader global economic uncertainties and the anticipation of key economic indicators that could sway the market in the coming days.

  • Gold price in Pakistan drops by Rs400 per tola despite global surge

    Gold price in Pakistan drops by Rs400 per tola despite global surge

    On Wednesday, the price of gold in Pakistan saw a decrease, with 24-karat gold being sold at Rs240,600 per tola, marking a Rs400 drop per tola. This decline in gold prices reflects a broader trend tied to the reduced purchasing power of consumers.

    The Karachi Sarafa Association reported that the price of 24-karat gold per 10 grammes also fell, reaching Rs206,276, a decrease of Rs343. Similarly, 22-karat gold experienced a drop, now priced at Rs189,086 per 10 grammes.

    While gold prices declined, silver prices remained stable in the domestic market. The price of 24-karat silver stood unchanged at Rs2,820 per tola and Rs2,418 per 10 grammes.

    On the international stage, spot gold traded near $2,331 an ounce, a modest increase of $2.5 or 0.11 per cent from the previous session, reflecting the dynamic nature of global precious metal markets.

    The sustained decrease in local gold prices, despite global fluctuations, underscores the economic challenges faced by consumers in Pakistan, influencing their ability to invest in gold.

  • Gold rate remains unchanged at Rs240,300 per tola

    Gold rate remains unchanged at Rs240,300 per tola

    Gold prices in Pakistan remained unchanged on Monday, mirroring stability in the international market.

    According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola was steady at Rs240,300, while the 10-gramme gold rate held firm at Rs206,019.

    The stability follows a decrease observed on Saturday, when the price per tola dropped by Rs1,400.

    Internationally, the gold price also saw no movement on Monday, maintaining a rate of $2,326 per ounce, inclusive of a $20 premium, as reported by APGJSA.

    In addition, silver prices in the local market remained steady, with the rate per tola fixed at Rs2,820.

    Pakistani rupee on first trading day of the week witnessed slight depreciation as the local currency dropped by Rs3.37 paisa against the US dollar and closed the day at Rs278.36 per USD.