This week in Pakistan, the value of gold has seen an upward trend for the third consecutive day, reaching a significant milestone on Wednesday. The new price for a tola of gold is now Rs. 215,200.
Karachi Sarafa Association indicate a notable increase of Rs. 750 per tola, bringing the cost to the aforementioned price. Additionally, the cost for 10 grams of gold has climbed by Rs. 644, resulting in a new price of Rs. 184,500.
| Day | Increase Per Tola | Estimated Final Price Per Tola (Rs.) |
|---|---|---|
| Monday | Rs. 1,100 | Rs. 213,200* |
| Tuesday | Rs. 150 | Rs. 213,350* |
| Wednesday | Rs. 750 | Rs. 215,200 |
The journey of gold price increase commenced on Monday with a substantial boost of Rs. 1,100 per tola. This was followed by a modest rise of Rs. 150 per tola on Tuesday. With Wednesday’s increase, the total rise in gold’s price over these three days is Rs. 2,000 per tola.
On the global stage, gold’s value also witnessed growth. The spot price of gold increased by 0.4 percent, reaching $2,030.7 per ounce as recorded at 0411 GMT. Furthermore, the futures of gold in the U.S. market saw a slight increase of 0.1 percent, marking the price at $2,041.3 per ounce.
This consistent rise in gold prices not only reflects the precious metal’s enduring value but also highlights its significance as a stable investment amid fluctuating economic conditions both domestically and internationally.