Gold Prices in Pakistan Today Reach Rs350,200
The surge in gold prices is driven by a combination of factors, including global gains, currency depreciation, and inflation, with the Pakistani rupee depreciating against the dollar and international gold prices rising, resulting in a significant increase in gold prices in Pakistan.
Gold prices in Pakistan surged to Rs350,200 per tola, driven by global gains, currency depreciation, and inflation, with the 10-gram rate jumping to Rs300,240, as international gold prices rose to $3,280 per ounce.
The increase in gold prices in Pakistan is attributed to the rise in international market trends, with the Pakistani rupee depreciating 1.95% against the dollar in FY25, settling at 283.76. Analysts believe that the currency's subdued performance is due to rising import demand. On Monday, the price per tola of gold increased by Rs800, reaching Rs350,200, while the 10-gram gold price accumulated Rs686, reaching Rs300,240.
The international rate of gold also increased, reaching $3,282 per ounce with a premium of $20, a gain of $8. However, the silver price per tola remained stable at Rs3,782. The fluctuation in gold prices in Pakistan is closely tied to the international market trends, making it essential for investors to stay informed about the latest developments.
As the gold prices in Pakistan continue to fluctuate, it is crucial for buyers and sellers to stay updated on the latest rates, which are provided by local gold markets and Sarafa Markets in various cities. The current surge in gold prices may have significant implications for the economy and investors, making it essential to monitor the situation closely.