Gold is a precious metal that many people in Pakistan and around the world invest in. Recently, gold prices in Pakistan have been increasing. This article will explain why gold prices are going up and what the latest rates are.
On Tuesday, gold rate in Pakistan’s local market showed an upward trend. This increase is in line with what’s happening globally with gold prices. According to the Sarafa Association in Karachi, the price of gold per tola (a traditional South Asian unit of weight) increased by Rs700, reaching Rs216,100. Also, the price of 10 grams of gold rose by Rs600, closing at Rs185,271.
Date |
Gold Type |
Unit |
Price (PKR) |
|---|---|---|---|
| 2024-01-30 | 24 Karat Gold | Per Tola | 216,100 |
| 2024-01-30 | 24 Karat Gold | 10 Grams | 185,871 |
| 2024-01-29 | 24 Karat Gold | Per Tola | 215,400 |
| 2024-01-29 | 24 Karat Gold | 10 Grams | 184,671 |
| 2024-01-29 | 22 Karat Gold | 10 Grams | 169,282 |
Global Gold Market Impact
In the international market, the price of gold also went up. It increased by $7 and closed at $2,037 per ounce. An ounce is a unit of weight used in many countries to measure gold.
Recent Changes in Gold Prices
There has been a noticeable change in gold prices over the past few days. Just a day earlier, the price for per tola of 24 karat gold (which is almost 100% pure gold) increased by Rs1,500. It was sold at Rs215,400 on Monday, compared to Rs213,900 on the last trading day. Similarly, the price for 10 grams of 24 karat gold went up by Rs1,286, reaching Rs184,671 from Rs183,385. Moreover, the price for 10 grams of 22 karat gold (which is about 91% pure gold) increased to Rs169,282 from Rs168,103, as reported by the All-Sindh Sarafa Jewelers Association.
Why Are Gold Prices Increasing?
Gold prices can go up for many reasons. Sometimes, when more people want to buy gold, the price increases. Other times, global events or economic conditions can affect gold prices. In Pakistan, the increase in gold prices is linked to what’s happening in the global market. When gold prices rise globally, they often rise in Pakistan too.
What Does This Mean for You?
If you’re interested in buying gold in Pakistan, it’s important to keep an eye on the prices. They can change quickly. Knowing the current price can help you make a good decision about when to buy or sell gold.
Remember, investing in gold can be a way to save money for the future. But like with any investment, it’s important to be careful and think about the risks.
In conclusion, gold prices in Pakistan are currently on an upward trend, influenced by global market trends. It’s always good to stay informed about these changes, whether you’re an investor or just interested in the gold market.