In an unexpected change of events, gold has ended a seven-day losing skid in Pakistan. This adjustment comes as the Pakistani rupee continues to appreciate in the interbank market versus the US dollar. In this post, we’ll look at the recent changes in gold prices and discuss what caused them.
Following a seven-day dip, the price of gold per tola (equal to 11.66 grams) increased significantly. It increased by Rs5,600 to Rs215,000. This rise deviates significantly from the pattern recorded on Monday when gold was trading at Rs209,400.
The price of 10 grams of 24-carat gold increased by Rs5,058 to Rs184,585 from its previous figure of Rs179,527. In contrast, the price of 10 grams of 22-carat gold fell marginally, closing at Rs168,967, down from Rs165,544. The All Sindh Sarafa Jewellers Association reported these pricing changes.
Silver, which is often seen as a companion to gold, also gained ground. The price of 24-carat silver per tola rose by Rs50 to Rs2,550. Likewise, the price of 10 grams of silver increased by Rs42.87 to Rs2,186.21.
Gold Type |
Price per Tola (Rs.) |
Price per 10 Grams (Rs.) |
|---|---|---|
| 24 Karat | 215,000 | 18,458.50 |
| 22 Karat | 168,967 | – |
Silver Type |
Price per Tola (Rs.) |
Price per 10 Grams (Rs.) |
|---|---|---|
| 24 Karat | 2,550 | 2,186.21 |