KARACHI: Gold prices in Pakistan moved down on the first day of the week after recording strong gains in recent sessions.
The price of gold per tola has increased by Rs 5,700 per tola to Rs 460,262. The cost of 10 grams of gold also increased by Rs 4,887, after which 10 grams of gold started selling for Rs 394,600.
| Gold Rate | 22K Gold | 21K Gold | 18K Gold |
| Per Tola | 435,416 | 415,625 | 356,250 |
| Per 1 Gram | 37,330 | 35,633 | 30,543 |
| Per 10 Gram | 373,303 | 356,335 | 305,430 |
| Per Ounce | 1,058,062 | 1,009,968 | 865,687 |
The recent price spike follows a strong upward trend throughout the week. Gold was priced at Rs453,562 on December 17 before climbing steadily to Rs455,762 on December 18, Rs454,862 on December 19, Rs456,162 on December 20, Rs462,362 on December 22, Rs470,862 on December 23, and Rs472,862 on December 24, before reaching its latest peak.
The global market added fuel to the rally, with gold prices surging by $23 to $4,533 per ounce, including a $20 premium, providing strong support to the sharp rise in domestic rates.
Silver also stunned market with massive leap of Rs462 per tola, pushing its price to an unprecedented Rs8,407, highest level ever recorded in bullion history.
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