KARACHI: The price of gold hit an unprecedented high in Pakistan on Friday. As per the latest figures, the price of 24K gold increased by Rs2,200 per tola to Rs306,200.
According to the latest data, the price of 24-carat gold increased by Rs2,200 per tola, bringing the total price to Rs306,200.
The All Pakistan Sarafa Gems and Jewellers Association has given their fresh gold and silver rate that confirmed the gold price going up in record.
Data from this association highlighted the steady rise of the gold price, and it reached an all-time rise on Friday. Several relevant additions to this list contributed to the rise in gold prices.
The rising gold prices are primarily attributed to several contributory causes, including global market trends and economic conditions. It will be interesting to see how high these prices go and how they will impact the local market and the general economy.
The highest inducements will impact the jewelry trade, investors, and consumers, and the responses of the market during the coming days will be significant.
| GOLD PURITY | PER TOLA | PER 10 GRAM |
|---|---|---|
| 24K | Rs. 300,600 | Rs. 257,716 |
| 22K | Rs. 275,621 | Rs. 236,240 |
| 21K | Rs. 263,093 | Rs. 225,502 |
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KARACHI: Gold prices declined sharply in Pakistan today on account of falling international prices, which witnessed yet another reversal in the previous session for the week. According to the All Pakistan Sarafa Gems and Jewelers Association (APSGJA), the price of gold per tola in Pakistan declined by Rs1,000 to Rs431,236 today compared to yesterday’s closing of Rs432,236 per tola. Also, the price of 10 grams of gold lost Rs 730 to Rs 369,715 today compared to Rs 370,445 recorded yesterday. It is worth noting here that the gold price had plunged Rs10,400 to Rs432,236 per tola on Tuesday, while it was 439,400 for 24 karat per tola today. In the international market, gold prices decreased by $10 to $4,088 per ounce today. Similar to gold, the price of silver also declined by Rs271 to Rs6,393 per tola today.
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