Tag: international rates

  • Gold sees Rs1,800 per tola dip in local market

    Gold sees Rs1,800 per tola dip in local market

    Gold continued its decline for the second consecutive session on Thursday, mirroring the international downtrend.

    In the local market, the price of gold reached Rs218,200 per tola, registering a loss of Rs1,800 during the day.

    According to data from the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gramme gold was traded at Rs187,071, reflecting a decrease of Rs1,543.

    Notably, Wednesday witnessed a Rs1,300 decrease in gold prices per tola in Pakistan.

    The international gold rate, accompanied by a $15 decline in the global market, stood at $2,067 per ounce on Thursday, with a $20 premium, as reported by APGJSA.

    In a parallel development, silver experienced a modest decline of Rs20, settling at Rs2,660 per tola.

  • Gold soars in Pakistani markets: Local rates surge despite stable global prices

    Gold soars in Pakistani markets: Local rates surge despite stable global prices

    On Tuesday, gold rates in Pakistan experienced an ascent, reaching Rs219,600 per tola in the domestic market, reflecting a gain of Rs300 throughout the day. 

    The 10-gramme gold price in Pakistan rose to Rs188,272, marking a Rs258 increase, as reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA). 

    In contrast, international gold prices maintained stability at $2,072 (with a premium of $20), as noted by the APGJSA. 

    Notably, silver retained its position at Rs2,650 per tola in the local market.

  • Gold price in Pakistan surge with global trend, reach Rs216,500 per tola

    Gold price in Pakistan surge with global trend, reach Rs216,500 per tola

    On Friday, gold prices in Pakistan experienced a notable uptick, mirroring the global surge in rates. 

    The precious metal attained a value of Rs216,500 per tola, marking a substantial single-day increase of Rs2,200. 

    As reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the 10-gramme gold reached Rs185,614, reflecting a rise of  Rs1,886. 

    This shift follows a decline of Rs500 in gold prices on Thursday, settling at Rs214,300 per tola. 

    According to APGJSA, the international gold rate exhibited a $20 increment on Friday, reaching $2,006 with a $20 premium. In comparison, the previous day witnessed a closing rate of $1,986. 

    In contrast, silver prices remained steady at Rs2,550 per tola on the same day, exhibiting resilience in the face of fluctuations observed in the gold market. 

  • Fourth consecutive decline: Gold price drops by Rs1,800 to Rs218,700 per tola

    Fourth consecutive decline: Gold price drops by Rs1,800 to Rs218,700 per tola

    In line with the reduction in international rates, the per tola gold price in Pakistan experienced a significant decline of Rs1,800 on Wednesday. This marks the fourth consecutive day of falling prices for the precious metal.

    The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) released data indicating that the price of 24-carat gold decreased by Rs1,800 per tola and Rs1,543 per 10 grammes, settling at Rs218,700 and Rs187,500, respectively.

    Internationally, the price of gold plummeted by $17, reaching $1,934 per ounce in today’s market. Pakistan’s gold rate has exhibited volatility in recent times, largely due to ongoing political and economic uncertainty, high inflation, and currency depreciation. Amid such fluctuations, individuals often turn to gold as a safe investment and a hedge against market instability.

    While gold prices experienced a notable decline, the price of silver saw only nominal losses. Data shared by the APSGJA revealed that the price of silver fell by Rs50 per tola and Rs42.87 per 10 grammes, settling at Rs2,550 and Rs2,186.21, respectively.

    In other market developments, the local currency made nominal gains against the dollar, increasing by Rs0.24 or 0.08 per cent. The interbank market witnessed the closing exchange rate of Rs286.98 on Tuesday.

    The recent downward trend in gold prices in Pakistan reflects the influence of international market conditions. Despite these fluctuations, gold remains a sought-after investment during times of economic and political uncertainty, providing individuals with a secure and reliable asset.