Gold Price Today in Pakistan Reaches Rs336,100
The current gold price surge in Pakistan is a significant development, with prices reaching Rs336,100 per tola. Global market trends and the price of bullion will continue to influence prices in Pakistan, making it essential to monitor updates from the All Pakistan Sarafa Gems and Jewellers Association.
Gold prices in Pakistan have seen a significant surge, with the price per tola increasing by Rs900 to reach Rs336,100, while 24-karat gold per 10-gram is being sold at Rs288,151. This development comes as global spot gold trades near $3,165 an ounce, down 2.20% from the previous session.
The All Pakistan Sarafa Gems and Jewellers Association has reported the new prices, indicating a notable shift in the gold market. However, it's worth noting that gold prices had previously dropped due to a global market downturn, with the price of bullion falling below $3,200 per ounce. This led to a reduction in prices in Pakistan, with the price per tola dropping by Rs6,700 and per 10 grams by Rs5,745.
In contrast, silver prices have remained stable, with no change in the price per tola at Rs3,377 and per 10-gram at Rs2,895. The fluctuations in gold prices are being closely monitored by market observers, given their impact on the economy and the jewelry industry.
As the global gold market continues to experience volatility, it remains to be seen how prices in Pakistan will be affected in the coming days. The All Pakistan Sarafa Gems and Jewellers Association will likely continue to update prices based on global market trends.