Tag: Gold rate today

  • Gold price declines by Rs1,400 to Rs240,300 per tola

    Gold price declines by Rs1,400 to Rs240,300 per tola

    Gold prices in Pakistan fell on Saturday, reflecting a decrease in the international market rate. The local market saw the price of gold per tola drop to Rs240,300, a decline of Rs1,400 in just one day.

    The price for 10 grammes of gold also decreased, standing at Rs206,019 after a reduction of Rs1,200, according to the latest figures from the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

    This decline followed a brief increase on Friday, when the price of gold per tola rose by Rs500.

    Internationally, the gold rate saw a downward trend on Saturday. The APGJSA reported that the price per ounce was set at $2,326, including a premium of $20, after a $16 drop during the day.

    In addition to gold, silver prices also fell, with rates decreasing by Rs80 to settle at Rs2,820 per tola.

    It’s noteworthy that just last month, gold reached an all-time high in the local market, hitting Rs252,200 per tola.

  • Gold price slides by Rs500 per tola following Monday’s surge

    Gold price slides by Rs500 per tola following Monday’s surge

    Gold prices in Pakistan experienced a downturn on Tuesday, mirroring the global trend of decrease.

    According to the latest data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price per tola of gold stood at Rs240,300, marking a decrease of Rs500 within a single day.

    Similarly, the price of 10 grammes of gold witnessed a decline, reaching Rs206,018 after experiencing a decrease of Rs429, as reported by APGJSA.

    In contrast, silver rates remained unchanged at Rs2,800 per tola.

    This drop in prices contrasts with the situation on Monday when gold prices surged by Rs800 per tola in Pakistan.

    It’s noteworthy that just last month, gold reached an all-time high of Rs252,200 per tola in the local market, reflecting the volatility and fluctuations within the precious metals market.

    Internationally, the price of gold also saw a reduction on Tuesday. APGJSA reported an international rate of $2,339 per ounce, with a $20 premium, marking a decrease of $4 during the day.

  • Fourth straight decline: Gold price drops by Rs1,800 per tola

    Fourth straight decline: Gold price drops by Rs1,800 per tola

    In a continuing trend, gold prices in Pakistan fell by Rs1,800 per tola on Friday, marking the fourth consecutive session of decline.

    This drop aligns with a decrease in international gold rates. As of the latest update, the price of gold per tola in Pakistan is Rs240,200.

    Similarly, the price of 10-gramme gold also saw a reduction, shedding Rs1,543 to settle at Rs205,933, according to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

    This decline follows a significant drop on Thursday, where gold prices decreased by Rs6,200 per tola in the local market.

    On the international front, gold prices eased further on Friday. The APGJSA reported the international rate at $2,338 per ounce, which includes a $20 premium, after a $17 drop during the day.

    In contrast, silver prices remained stable, holding steady at Rs2,800 per tola.

    Last month, gold prices in Pakistan reached an all-time high of Rs252,200 per tola, highlighting the recent volatility in the precious metals market.

  • Gold price plummets by Rs1,900 per tola in Pakistan amid global decline

    Gold price plummets by Rs1,900 per tola in Pakistan amid global decline

    Gold prices in Pakistan fell on Tuesday, reflecting a drop in international rates. The price of gold per tola in the local market declined by Rs1,900, settling at Rs248,500, according to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

    Similarly, the price of 10 grammes of gold decreased by Rs1,630, bringing it down to Rs21,048.

    This decline comes after a significant increase on Monday, when gold prices surged by Rs2,300 per tola in Pakistan.

    Internationally, the gold rate saw a decrease on Tuesday. According to APGJSA, the global price of gold was set at $2,418 per ounce, inclusive of a $20 premium, following a $21 drop during the day.

    In contrast, silver prices remained unchanged, holding steady at Rs2,850 per tola.

    Just last month, gold prices in Pakistan reached a record high of Rs252,200 per tola, marking an all-time peak in the local market.

  • Gold price surges by Rs2,300 to Rs250,400 per tola

    Gold price surges by Rs2,300 to Rs250,400 per tola

    Gold prices in Pakistan experienced significant increases on Monday, mirroring the rise in international markets. According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola surged by Rs2,300, reaching Rs250,400.

    Similarly, the price for 10 grams of gold saw a notable rise, gaining Rs1,972 to sell at Rs214,678. These increases reflect the upward trend in global gold prices, which rose by $25 to $2,439 per ounce, inclusive of a $20 premium.

    In contrast, silver prices remained stable at Rs2,850 per tola.

    This recent surge in gold prices comes after the metal hit a record high of Rs252,200 per tola last month. Just two days prior, on Saturday, gold prices in Pakistan had already increased by Rs3,100 per tola.

    These fluctuations highlight the strong connection between local and international precious metal markets, with local prices adjusting swiftly in response to global economic conditions.

  • Gold prices rebound, increase by Rs3,100 per tola

    Gold prices rebound, increase by Rs3,100 per tola

    On Saturday, gold prices in Pakistan saw a significant rise, mirroring the upward trend in the international market.

    According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola reached Rs248,100, marking a single-day increase of Rs3,100.

    Similarly, the price of 10-gramme gold surged to Rs212,706, reflecting a gain of Rs2,658.

    This spike in local gold prices is in line with the international gold rate, which rose to $2,414 per ounce, inclusive of a $20 premium, after a $30 increase during the day.

    Silver prices also experienced an uptick, with rates reaching Rs2,850 per tola, an increase of Rs120.

    It is noteworthy that last month, gold prices in the local market hit a record high of Rs252,200 per tola. Despite this recent surge, gold prices showed a decline of Rs600 per tola on Friday.

    These fluctuations highlight the volatile nature of the precious metals market, influenced heavily by global economic trends and investor sentiment.

  • Gold prices rebound, increasing by Rs2,900 per tola

    Gold prices rebound, increasing by Rs2,900 per tola

    Gold prices in Pakistan experienced a notable turnaround on Wednesday, bouncing back after a downward trend observed over the past three sessions.

    This resurgence coincided with a global uptick in gold rates. In local markets, the price of gold per tola surged to Rs244,000, marking a substantial single-day increase of Rs2,900.

    According to data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10 grammes of gold reached Rs209,191 following a rise of Rs2,487.

    Internationally, the price of gold also witnessed a rise during the day. APGJSA reported an international rate of $2,365 per ounce, with an additional premium of $20, reflecting an increase of $28.

    In contrast, silver prices remained steady at Rs2,650 per tola.

    Notably, the local gold market had reached a record high last month, with prices hitting Rs252,200 per tola.

    This positive turn comes after a decrease of Rs1,200 per tola observed on Tuesday in the gold prices in Pakistan.

  • Gold price declines to Rs241,100 per tola in Pakistan

    Gold price declines to Rs241,100 per tola in Pakistan

    Gold prices in Pakistan experienced a decline on Tuesday, with 24-karat gold witnessing a drop of Rs1,200 to reach Rs241,100 per tola.

    Notably, this price is maintained Rs3,000 lower than its actual value today.

    The association overseeing these fluctuations attributed this adjustment to the substantial decrease in purchasing power, opting to keep the price Rs3,000 below its actual cost.

    Contrastingly, in the previous week, 24-karat gold had observed an increase of Rs5,500 per tola.

    According to the Karachi Sarafa Association, the current price of 24-karat gold stands at Rs207,733 per 10 grammes, marking a decrease of Rs943.

    Similarly, the price of 22-karat gold has been quoted at Rs189,479 per 10 grammes, depicting a downward trend.

    Internationally, the spot gold market showed resilience, hovering around $2,338.4 an ounce, following a 1% decline observed yesterday.

    Meanwhile, silver prices remained stable in the domestic market, with 24-karat silver being traded at Rs2,650 per tola and Rs2,271.94 per 10 grammes.

  • Gold price drops for sixth consecutive session, now at Rs238,000 per tola

    Gold price drops for sixth consecutive session, now at Rs238,000 per tola

    Gold prices in Pakistan continued to fall on Saturday, marking the sixth consecutive session of declines. The price per tola (a traditional South Asian unit equivalent to about 11.66 grammes) dropped to Rs238,000, following a single-day decrease of Rs1,600.

    According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price for 10 grammes of gold also fell, closing at Rs204,047 after a reduction of Rs1,257. This downward trend follows a similar drop on Friday, when the price of gold fell by Rs1,400 per tola.

    While gold prices in Pakistan declined, the international market saw an uptick in gold rates. As per APGJSA, the global price of gold reached $2,301 per ounce (with a premium of $20), registering a gain of $4 during the day.

    Despite this international increase, the domestic market in Pakistan has seen a consistent downward trend. Over the past six sessions, gold prices per tola have dropped by Rs7,000. This decline is significant, considering that just last month, gold reached an all-time high of Rs252,200 per tola in the local market.

    Meanwhile, the price of silver remained stable, with rates holding at Rs2,620 per tola.

    Analysts suggest that the local decline in gold prices may be due to various factors, including market speculation, currency fluctuations, and changes in demand. With international prices showing a slight increase, it remains to be seen whether the downward trend in Pakistan will continue or if the market will begin to stabilise.

    For now, local consumers and investors in gold are watching the market closely, anticipating potential changes in the days ahead.

  • 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.