In Pakistan, the value of gold has witnessed a modest increase, keeping pace with the global market’s upward trajectory on Thursday. The Sarafa Association reports that the price for a tola of 24-karat gold has risen by Rs100, reaching Rs215,300. Additionally, the cost for 10 grams of gold has seen an uplift of Rs85, marking a new rate of Rs184,585 in the local market.
On the international stage, gold’s price has also experienced growth, with a $3 increase setting the price at $2,051. This global trend plays a significant role in influencing local market rates, reflecting the interconnected nature of worldwide gold markets.
While gold prices have been on the rise, silver prices in Pakistan have remained stable. The current rate for a tola of silver is Rs2,570, and for 10 grams, it’s priced at Rs2,203.36, showing no change from the previous day.
Looking back to the day before, the price for a tola of gold had a significant jump of Rs750, settling at Rs215,200 in the domestic market. The 10-gram gold rate also increased by Rs644, reaching Rs184,500. These fluctuations highlight the dynamic nature of the precious metals market in Pakistan.
The ongoing adjustments in gold and silver prices are indicative of the precious metals’ market volatility, influenced by both local and international economic factors. Staying informed on these trends is crucial for investors and consumers alike in navigating the complexities of the market. the value of gold has witnessed a modest increase, keeping pace with the global market’s upward trajectory on Thursday.
The Sarafa Association reports that the price for a tola of 24-karat gold has risen by Rs100, reaching Rs215,300. Additionally, the cost for 10 grams of gold has seen an uplift of Rs85, marking a new rate of Rs184,585 in the local market.
On the international stage, gold price has also experienced growth, with a $3 increase setting the price at $2,051. This global trend plays a significant role in influencing local market rates, reflecting the interconnected nature of worldwide gold markets.
While gold prices have been on the rise, silver prices in Pakistan have remained stable. The current rate for a tola of silver is Rs2,570, and for 10 grams, it’s priced at Rs2,203.36, showing no change from the previous day.
Looking back to the day before, the price for a tola of gold had a significant jump of Rs750, settling at Rs215,200 in the domestic market. The 10-gram gold rate also increased by Rs644, reaching Rs184,500. These fluctuations highlight the dynamic nature of the precious metals market in Pakistan.
The ongoing adjustments in gold and silver prices are indicative of the precious metals’ market volatility, influenced by both local and international economic factors. Staying informed on these trends is crucial for investors and consumers alike in navigating the complexities of the market.