Gold Prices Pakistan Surge to Rs321,000
The surge in gold prices has significant implications for investors and consumers in Pakistan, who are advised to keep a close eye on the market as the international price of gold continues to fluctuate, driving changes in local bullion markets.
Gold prices in Pakistan have surged in response to a global price hike, with the price of gold per tola increasing by Rs3,000 to Rs321,000 and the price of 10 grams rising by Rs2,572 to Rs275,205, as the international price of gold rose by $30 per ounce to $3,040 per ounce.
The increase has led to heightened activity in local bullion markets as investors and jewelers respond to the global trend. The gold price soared in Pakistan, reaching Rs321,000 per tola, a single-day increase of Rs3,000, while the 10-gram gold price also rose to Rs275,205, a rise of Rs2,572. This surge in gold prices has been driven by the global price hike, with the international gold price increasing by $30 to $3,040 per ounce.
However, it's worth noting that gold prices in Pakistan had dropped sharply on Tuesday, with 24-karat gold falling to Rs318,000 per tola, a decrease of Rs2,000. The price of 10 grams of 24-karat gold dropped by Rs1,715 to Rs272,633, while 10 grams of 22-karat gold decreased to Rs249,922. Silver prices also dropped, with 24-karat silver per tola now trading at Rs3,170, a decrease of Rs50, as internationally, gold prices fell by $28 to $3,010 per ounce.
The fluctuations in gold prices have been closely watched by investors and jewelers in Pakistan, who are responding to the global trend. As the international price of gold continues to rise, it is likely that gold prices in Pakistan will remain volatile, with investors and consumers keeping a close eye on the market.