ISLAMABAD: Gold prices in Pakistan moved down on the first day of the week after recording strong gains in recent sessions.
Price of one tola of gold dipped by Rs5,500 to Rs470,162, while the price of 10 grams dropped by Rs4,715 to Rs403,088.
| Gold Unit | Old Price | Change | New Price |
|---|---|---|---|
| 1 Tola | 475,662 | −5,500 | 470,162 |
| 10 Grams | 407,803 | −4,715 | 403,088 |
| 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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