Tag: Gold rate today

  • Gold prices continue to surge, per tola rate hits Rs237,600

    Gold prices continue to surge, per tola rate hits Rs237,600

    Gold prices in Pakistan saw a sustained uptrend on the first trading day of the month, following a surge in the global market.

    The precious metal achieved a fresh record high internationally, reflecting its continued allure among investors.

    In Pakistan, the price per tola of gold reached Rs237,600, marking an increase of Rs2,800 throughout the day.

    According to data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price for 10 grammes of gold stood at Rs203,704, showing a rise of Rs2,401 compared to previous figures.

    Notably, gold prices had remained relatively stable at Rs234,800 per tola just two days prior, underscoring the recent market volatility.

    In contrast, silver rates remained steady at Rs2,600 per tola during the same period.

    Over the past seven sessions, gold has witnessed a notable increase of Rs9,400 per tola in the local market, reflecting strong investor sentiment and demand.

    Meanwhile, in the international arena, gold commanded a premium of $20, reaching an unprecedented high of $2,278 per ounce on Friday.

    This marked a $24 increase from previous levels, as highlighted by APGJSA. The surge in global prices further underscores the precious metal’s status as a safe-haven asset amidst economic uncertainties.

  • Gold price increases by Rs3,800 per tola

    Gold price increases by Rs3,800 per tola

    Gold prices in Pakistan surged further on Friday, propelled by a remarkable surge in the global market.

    The price of gold per tola soared to an unprecedented level, hitting Rs234,800 in local markets after witnessing a substantial gain of Rs3,800 within the span of a single day.

    According to data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price for 10 grammes of gold stood at Rs201,303, marking a notable increase of Rs3,258 from the previous day’s rates.

    Thursday had already seen a significant uptick in gold prices in Pakistan, with an increase of Rs1,500 per tola.

    Meanwhile, the international gold market witnessed a similar trend, with gold rates surging to a historic high of $2,254 per ounce.

    This marked a substantial gain of $40, accompanied by a $20 premium. APGJSA reported these figures, underscoring the remarkable momentum in the global gold market.

    In parallel, silver prices also experienced an upward trajectory, rising by Rs20 to reach Rs2,600 per tola, further highlighting the general bullish sentiment in precious metal markets.

  • Gold price in Pakistan remains unchanged on first trading day of the week

    Gold price in Pakistan remains unchanged on first trading day of the week

    On the first trading day of the week, gold prices in Pakistan maintained stability while witnessing a slight uptick in the global market.

    According to data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the local market reported no change in the price of gold per tola, standing firm at Rs228,200.

    Similarly, the rate for 10 grammes of gold remained unchanged at Rs195,645.

    This follows a notable decline in gold prices observed in the previous session, where rates plummeted by Rs4,200 per tola.

    However, on Monday, the international market witnessed a modest increase in gold prices. With a premium of $20, the global rate of gold rose by $2, settling at $2,187 per ounce, as reported by APGJSA.

    Meanwhile, silver rates in the domestic market remained stable at Rs2,580 per tola, showing no significant fluctuations.

    The consistent performance of precious metals in Pakistan reflects a steadiness in the market amid global economic dynamics.

    The stability in gold prices locally, coupled with the marginal gain in the international market, underscores the cautious sentiment prevailing among investors amidst evolving geopolitical and economic factors.

  • Gold price drops by Rs1,050 per tola in Pakistan

    Gold price drops by Rs1,050 per tola in Pakistan

    On Saturday, gold rates in Pakistan saw a decline, mirroring the global trend where prices dipped.

    The precious metal was valued at Rs227,500 per tola after experiencing a drop of Rs1,050 throughout the day. Similarly, the 10-gramme gold price stood at Rs195,045, marking a decrease of Rs900.

    These figures were provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

    The previous day, Friday, gold prices had remained steady at Rs228,550 per tola. However, Saturday witnessed a shift as the international rate of gold, with a premium of $20, settled at $2,175 per ounce.

    This reflects a $13 decrease in the international market, as reported by APGJSA.

    In contrast, silver rates remained unchanged at Rs2,600 per tola, indicating stability in that market segment amidst the fluctuations in gold prices.

    The fluctuations in gold rates are closely monitored by investors and consumers alike, as they reflect not only economic dynamics within Pakistan but also global trends impacting the precious metals market.

    This dip in prices may influence consumer behaviour and investment decisions in the coming days.

  • 24-karat gold price dips slightly by Rs100 per tola

    24-karat gold price dips slightly by Rs100 per tola

    In the domestic bullion market, Tuesday saw a relatively stagnant session, with the price of 24-karat gold slipping by Rs100 to Rs230,100 per tola.

    Notably, this marks the first decline in gold prices in Pakistan following ten consecutive sessions of growth.

    Just last week, the price of 24-karat gold surged by almost Rs10,000 per tola, reaching levels unseen since September 2023.

    However, according to the Karachi Sarafa Association, the price of 10-gramme 24-karat gold dropped to Rs197,274 per tola, reflecting a decrease of Rs86.

    Similarly, the price of 10-gramme 22-karat gold experienced a slight dip, settling at Rs180,834.

    Contrastingly, silver prices remained stable today, with 24-karat silver maintaining its rate at Rs 2,600 per tola and Rs2,229.08 per 10-gramme.

    On the global stage, international spot gold traded near $2,177.14 an ounce, marking a 0.26% decrease from the previous session.

    Investors are closely monitoring Tuesday’s U.S. inflation data, anticipating its impact on monetary policy.

  • Gold price remains unchanged at Rs230,200 per tola

    Gold price remains unchanged at Rs230,200 per tola

    In a day of consistency, gold prices in Pakistan remained unaltered on Monday, mirroring the steady trend observed in the international market.

    According to data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the local market reported no change in the price of gold per tola, maintaining a steady Rs230,200.

    Similarly, the 10-gramme gold price remained constant at Rs197,360.

    The international market echoed this stability, with the global rate of gold holding firm at $2,198 per ounce on Monday. APGJSA noted a premium of $20, maintaining the equilibrium of the precious metal’s value.

    In parallel, silver prices also exhibited stability in the local market, remaining fixed at Rs2,600 per tola.

    This unswerving trend further highlights the current stability in the precious metals market, providing insights for investors and enthusiasts alike.

  • 7th consecutive rise: Gold price surges by over Rs2,700 per tola

    7th consecutive rise: Gold price surges by over Rs2,700 per tola

    In a remarkable seventh consecutive session, the gold market in Pakistan continued its bullish trend, witnessing a surge in the price of 24-karat gold by Rs2,750 per tola, reaching Rs228,150 on Thursday.

    Over the course of the past seven trading days, the domestic bullion market has experienced a significant uptick, with the price of gold appreciating by Rs13,350 per tola, marking a substantial 6.2 per cent increase. This surge is attributed to the notable rise in the international market.

    The Karachi Sarafa Association shared that the price of 10-gramme 24-karat gold has reached Rs195,602 per tola, indicating a substantial rise of Rs2,358.

    Additionally, the price of 10-gramme 22-karat gold has also seen an upward trend, reaching Rs179,301.

    Contrastingly, silver prices remained stable today, with 24-karat silver maintaining its position at Rs2,600 per tola and Rs2,229.08 per 10-gramme.

    On the global front, the international spot gold market continued its rapid ascent, reaching a peak of $2,161.48 per ounce.

    These gains have surprised many investors, especially considering the absence of major changes in expectations regarding the Federal Reserve’s rate-cutting decisions, as reported by Bloomberg.

    It’s worth noting that gold traditionally exhibits an inverse relationship with bond yields, further contributing to the complexity of recent market movements.

  • Gold price surpasses Rs225,000 per tola following yet another major surge

    Gold price surpasses Rs225,000 per tola following yet another major surge

    Gold prices witnessed another substantial surge in Pakistan on Wednesday, attracting the attention of investors and consumers alike.

    The coveted yellow metal reached a notable milestone, standing at Rs225,400 per tola after witnessing a substantial gain of Rs1,500 throughout the day.

    The All Pakistan Gems and Jewellers Sarafa Association (APGJSA) provided the latest rates, revealing that the 10-gram gold was traded at Rs193,244, reflecting an increase of Rs1,286. This surge follows Tuesday’s notable rise, where gold prices in the country had escalated by Rs2,700 per tola.

    The international market played a pivotal role in influencing this surge, with gold commanding a premium of $20 on Wednesday.

    The global rate for gold was established at $2,148 per ounce after experiencing a $13 upswing, as reported by the APGJSA.

    In contrast, silver rates maintained their stability, holding steady at Rs2,600 per tola.

    The resilience in silver prices adds an intriguing dynamic to the precious metals market, warranting continued observation.

  • Gold price soars to Rs223,900 per tola following notable surge

    Gold price soars to Rs223,900 per tola following notable surge

    In a significant turn of events, gold prices experienced a notable surge in Pakistan on Tuesday, aligning with the upward trend in the international market.

    The precious metal, often referred to as “yellow gold,” witnessed a price hike of Rs2,700 per tola, reaching a new valuation of Rs223,900.

    According to the latest data released by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the 10-gramme gold bar was traded at Rs191,958, reflecting an increase of Rs2,315.

    This comes on the heels of a substantial jump of Rs3,500 per tola recorded on Saturday.

    Internationally, the gold rate demonstrated a robust performance, closing at $2,135 per ounce with a $20 premium on Tuesday. This marked a noteworthy uptick of $29 in the global market, as reported by APGJSA.

    In contrast, silver rates remained stable at Rs2,600 per tola during the same period.

    Shifting focus to the currency market, the Pakistani rupee experienced a slight dip against the US dollar, depreciating by 0.02 per cent in the inter-bank market on Tuesday.

    The closing exchange rate, according to the State Bank of Pakistan (SBP), stood at 279.31, indicating a marginal loss of Re0.05 against the greenback.

    This follows a similar trend observed on Monday, when the rupee settled at 279.26 against the US dollar.

  • Gold price increases by Rs3,500 per tola

    Gold price increases by Rs3,500 per tola

    In a notable turn of events, gold prices in Pakistan witnessed a substantial surge on Saturday, aligning with the upward momentum in the international market.

    The yellow metal reached a notable price point of Rs220,300 per tola, marking an impressive gain of Rs3,500 within the span of a single day.

    According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gramme gold now commands a selling price of Rs188,872, reflecting an increase of Rs3,001.

    This surge follows a noteworthy uptick on Friday when gold prices in Pakistan rose by Rs1,100 per tola.

    The international gold market also experienced a surge, with the Saturday rate set at $2,103 per ounce, indicating a $36 increase.

    The APGJSA reported a $20 premium on the international gold rate, emphasising the global dynamics influencing the precious metal markets.

    Simultaneously, silver rates in Pakistan witnessed an increase of Rs30 per tola, settling at Rs2,600.

    These fluctuations in precious metal prices underline the intricate interplay between local and global market forces, capturing the attention of investors and industry stakeholders alike.