Tag: latest gold price

  • Gold price jumps to record high of Rs277,200 per tola

    Gold price jumps to record high of Rs277,200 per tola

    Gold price in Pakistan unexpectedly surged by Rs2,200 per tola to its new record high following an increase in the international bullion rates.

    According to the  All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), after the big rise seen in yellow metal’s rate in local market, the price of 24 karat gold was recorded at a new all-time high of Rs277,200 per tola on Wednesday.

    The latest rate is Rs200 per tola higher than the last record high observed in the month of September 2024.

    APGJSA said that the price of 10-gramme gold also increased by Rs1,886 to Rs237,654.

    In the last trading session, the precious metal’s price was recorded Rs700 per tola higher than Monday’s, clocking in at 275,000 per tola.

    Read more: Exchange rates: PKR drops over two paisa against US dollar

    On the international front, gold rate surged by $22 per ounce, as the APGJSA quoted the new rate at $2,675. This price also includes a premium of $20 per ounce.

    Silver prices in Pakistan witnessed no change and stayed at Rs3,050 per tola.

  • Gold price falls Rs1,000 from historic high, now at Rs263,000 per tola

    Gold price falls Rs1,000 from historic high, now at Rs263,000 per tola

    On Thursday, the 24-karat gold rate in Pakistan dropped Rs1,000 per tola from the record high peak witnessed on the last trading day.

    According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of yellow metal was recorded today at Rs263,000 per tola as compared to the historic high of Rs264,000 per tola on Wednesday.

    Bullion rates shared by the APGJSA showed that the price of ten grammes of gold was also down by Rs857 to Rs225,480.

    The price of silver in Pakistani market remained unchanged at Rs2,900 per tola

    A price drop was also witnessed internationally, with the per ounce gold rate decreasing by $8 to $2,515. This rate includes a premium of $20.

    The previous all-time high price of gold was seen in August, when the precious metal’s per tola rate surged to Rs263,700 in Pakistan.

    The latest price of gold in Pakistan is about Rs700 per tola lower than August’s high and Rs1,000 per tola below September’s peak.

  • Gold price increases by Rs2,300 to record high of Rs264,000 per tola

    Gold price increases by Rs2,300 to record high of Rs264,000 per tola

    The gold price witnessed a massive increase in Pakistan on Wednesday after a strong surge in global rates.

    According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), which releases gold rates on a regular basis, the price of precious metal rose by Rs2,300 per tola in the Pakistani bullion market.

    The price of gold in Pakistan now stands at record high of Rs264,000 per tola, as per the association.

    It is worth noting that the last record high price of gold was recorded in August when it broke Rs263,000 barrier and closed at Rs263,700 per tola.

    Today’s gold rate is Rs300 per tola higher than the last record high.

    Internationally, the yellow metal’s value was recorded at $2,524 per ounce, showing an increase of $23. This rate includes a premium of $20.

  • Gold price increases by Rs1,000 to Rs256,500 per tola

    Gold price increases by Rs1,000 to Rs256,500 per tola

    On Friday, the price of gold in Pakistan saw a rise, with 24-karat gold being traded at Rs256,500 per tola, an increase of Rs1,000.

    The Karachi Sarafa Association noted that the price remains Rs2,000 below its actual value.

    The cost of 24-karat gold was reported at Rs219,907 per 10 grammes, up by Rs857. In comparison, the price of 22-karat gold was quoted higher at Rs201,582 per 10 grammes.

    In contrast, silver prices in the domestic market held steady, with 24-karat silver priced at Rs2,850 per tola and Rs2,443 per 10 grammes.

    On the international front, spot gold was trading near $2,432 per ounce, reflecting an increase of $7.10 or 0.29 per cent from the previous session.

  • 24-karat gold price surges by Rs2,300 to Rs252,800 per tola

    24-karat gold price surges by Rs2,300 to Rs252,800 per tola

    On Wednesday, gold prices in Pakistan saw a notable increase. The rate for 24-karat gold surged to Rs252,800 per tola, marking a rise of Rs2,300.

    Despite this uptick, the price remains Rs3,000 below its true market value, a consequence of diminished purchasing power.

    According to the Karachi Sarafa Association, 24-karat gold is now priced at Rs216,735 per 10 grammes, an increase of Rs1,972. Meanwhile, 22-karat gold has also risen, with its new rate set at Rs198,674 per 10 grammes.

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

    On the international stage, spot gold traded at approximately $2,414 per ounce, reflecting a modest gain of $5.50 or 0.23 per cent from the previous session.

  • Gold price surges to record high of Rs254,000 per tola in Pakistan

    Gold price surges to record high of Rs254,000 per tola in Pakistan

    The price of gold in Pakistan soared to a new record on Thursday, with 24-karat gold increasing by Rs4,600 per tola, reaching an unprecedented Rs254,000. This surge aligns with global market trends influenced by economic indicators in the United States.

    The rise in gold prices is driven by signs of slowing inflation in the US, prompting speculation that the Federal Reserve may soon lower interest rates. Historically, high interest rates tend to negatively impact gold prices as the precious metal does not yield interest, making it less attractive to investors compared to interest-bearing assets.

    Notably, the current gold price in Pakistan is Rs4,000 below its actual market value due to a decrease in purchasing power, reflecting broader economic challenges.

    According to the Karachi Sarafa Association, the price of 24-karat gold per 10 grammes has risen by Rs3,944, now standing at Rs217,764 per tola. Similarly, 22-karat gold is now priced at Rs199,617 per 10 grammes.

    Meanwhile, silver prices have remained stable in the domestic market. The price of 24-karat silver is Rs2,900 per tola and Rs2,486 per 10 grammes.

    Globally, spot gold is trading near $2,468 an ounce, having surpassed the previous all-time high set in May. This global uptrend in gold prices is reflected in the domestic market, influencing local prices accordingly.

    The significant rise in gold prices highlights the ongoing economic uncertainties and the impact of international financial trends on the local market. As investors navigate these fluctuations, the gold market continues to be a barometer of economic sentiment.

  • 24 karat gold price declines by Rs200 to Rs241,500 per tola

    24 karat gold price declines by Rs200 to Rs241,500 per tola

    The price of gold in Pakistan saw a decline on Monday, with 24-karat gold being sold at Rs241,500 per tola, marking a decrease of Rs200 per tola.

    This reduction is noteworthy as the price has been maintained at Rs1,500 below its actual cost due to diminished purchasing power among consumers.

    According to the Karachi Sarafa Association, the price of 24-karat gold per 10 grammes also fell, now standing at Rs207,047, a reduction of Rs172 per 10 grammes. Similarly, the price of 22-karat gold was recorded lower at Rs189,793 per 10 grammes.

    Meanwhile, silver prices in the domestic market remained stable. The price of 24-karat silver was unchanged, selling at Rs2,850 per tola and Rs2,443 per 10 grammes.

    On the international front, spot gold traded near $2,327 an ounce, an increase of $2.8 or 0.12% from the previous session.

  • Gold price increases by Rs700 to Rs241,700 per tola

    Gold price increases by Rs700 to Rs241,700 per tola

    Gold prices in Pakistan have risen for the second consecutive session, mirroring an upward trend in the international market.

    On Friday, the price of gold per tola reached Rs241,700, marking a single-day increase of Rs700.

    Similarly, the price of 10-gram gold rose by Rs600, bringing it to Rs207,219, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

    This follows a Rs400 increase on Thursday, when the price per tola reached Rs241,000.

    Internationally, gold prices climbed on Friday. According to the APGJSA, the international rate stood at $2,326 per ounce, including a $20 premium, after a $22 increase during the day.

    Meanwhile, silver prices remained stable at Rs2,850 per tola.

    In April, gold prices in the local market hit an all-time high of Rs252,200 per tola.

  • Gold price surges to Rs241,000 per tola with Rs400 increase

    Gold price surges to Rs241,000 per tola with Rs400 increase

    The price of gold in Pakistan saw an uptick on Thursday, with 24-karat gold being sold at Rs241,000 per tola, marking an increase of Rs400 per tola.

    The Karachi Sarafa Association reported that the price of 24-karat gold per 10 grammes rose to Rs206,619, reflecting an increase of Rs343.

    The price of 22-karat gold also experienced an increase, being quoted at Rs189,400 per 10 grammes.

    In contrast, silver prices in the domestic market remained stable. The price of 24-karat silver stood unchanged at Rs2,850 per tola and Rs2,443 per 10 grammes.

    On the international front, spot gold traded near $2,304 an ounce, registering an increase of $5.6 or 0.24 per cent from the previous session.

  • Gold price drops by Rs500 to Rs241,500 per tola

    Gold price drops by Rs500 to Rs241,500 per tola

    On Tuesday, gold prices in Pakistan saw a decline, marking a shift in the market trend. According to the Karachi Sarafa Association, the price of 24-karat gold fell to Rs241,500 per tola, a decrease of Rs500 per tola from the previous day’s rates.

    Similarly, the price for 10 grammes of 24-karat gold was reported at Rs207,047, reflecting a reduction of Rs429 per tola.

    Conversely, 22-karat gold was also quoted lower at Rs189,793 per 10 grammes.

    Meanwhile, silver prices remained unchanged in the domestic market, with 24-karat silver holding steady at Rs2,850 per tola and Rs2,443 per 10 grammes.

    Globally, the spot gold price hovered near $2,323 per ounce, showing a decline of $7.2 or 0.31 per cent compared to the previous trading session.

    This movement indicates ongoing volatility and fluctuations in the international gold market.