Tag: Tola price

  • 24 karat gold price surges by Rs800 per tola, silver takes a dip

    24 karat gold price surges by Rs800 per tola, silver takes a dip

    In a notable shift in the precious metals market, the per-tola price of 24 karat gold in Pakistan witnessed an increase of Rs800, reaching Rs213,200 on Saturday. This rise is compared to its previous sale at Rs212,400 on the last trading day.

    Similarly, the price of 10 grammes of 24 karat gold experienced an uptick, climbing by Rs686 to Rs182,785 from Rs182,099.  The All Sindh Sarafa Jewellers Association reported that the prices of 10 grammes of 22 karat gold also saw an increase, reaching Rs167,553 from Rs166,924.

    On the other hand, the price of per tola silver exhibited a decrease of Rs30, settling at Rs2,550. Simultaneously, the price of ten grammes of silver witnessed a decline of Rs25.72, reaching Rs2,186.21.

    Internationally, the price of gold ascended by $9, reaching $2,034 from $2,025, as reported by the Association. These fluctuations in the precious metals market reflect the dynamic nature of global economic conditions, influencing prices both domestically and internationally.

  • Gold price surpasses Rs213,000 per tola in Pakistan

    Gold price surpasses Rs213,000 per tola in Pakistan

    The price of gold in Pakistan has experienced an upward trend, marked by a noteworthy increase of Rs2,000 per tola within the domestic market on Saturday.

    This surge brings the price of one tola of gold to Rs213,300, as reported by Muhammad Arshad, the chairman of the All Pakistan Jewellers Manufacturers Association.

    Similarly, the price of 10 grammes of gold also saw a significant increase, rising by Rs1,714 to reach Rs182,870.

    On the international front, gold prices are also experiencing an upward trend, currently standing at $1,987 per ounce. 

    However, in the spot market, gold fell by 0.3 per cent to $1,976.19 per ounce by 1:42 pm ET (1741 GMT), and  US gold futures settled 0.3 per cent lower at $1,987.80.

    Other precious metals displayed mixed performance, with silver slipping by 1.3 per cent to $23.05 per ounce, platinum rising by 0.3 per cent to $897.58, and palladium gaining 3 per cent to reach $1,131.03.

  • Gold price increases by Rs6,400 to Rs206,500 per tola

    Gold price increases by Rs6,400 to Rs206,500 per tola

    Gold prices in Pakistan are once again on an upward trajectory, with the per tola price recently surging by Rs6,400 in the domestic market.

    This increase was observed as the price of this precious metal climbed by Rs6,500 per tola, reaching Rs206,500, according to statements made by the chairman of the All Pakistan Jewellers Manufacturers Association.

    Simultaneously, the price for 10 grammes of gold also rose, now trading at Rs107,740 after a substantial increase of Rs5,487.

    In the international arena, the price of gold saw an uptick of $46, settling at $1,938 per ounce. Conversely, the US dollar strengthened against the Pakistani rupee in interbank trading on Wednesday morning, ending a streak of losses for the Pakistani currency.

    Furthermore, the value of the US dollar also rose by one rupee in the open market, where it now trades at Rs278, up from its previous rate of Rs277. Just last week, the US dollar had depreciated by Rs5.07 against the Pakistani rupee in interbank trading.