Gold prices in Pakistan saw a slight increase at the start of this week, bringing them close to all-time highs. According to the All-Sindh Sarafa Jewellers Association, the rate for 24-carat gold rose by Rs. 700 per tola, reaching Rs. 283,700. Likewise, the price for 10 grams of 24-carat gold climbed by Rs. 600, now standing at Rs. 243,227.
In addition, prices for 22-carat gold moved up as well. The 10-gram rate for 22-carat gold increased from Rs. 222,408 to Rs. 222,958, marking a modest but notable rise. However, while gold prices rose, silver rates remained stable. The price of per tola silver held firm at Rs. 3,430, while 10 grams of silver stayed at Rs. 2,940.67.
This increase in local gold prices reflects global trends. In the international market, the price of gold edged up by $7, moving from $2,735 to $2,742. This small uptick in international prices has contributed to local shifts, keeping Pakistan’s gold rates just below their historic highs.
For investors and consumers in Pakistan, these price movements highlight ongoing volatility in the precious metals market. With global factors continuing to drive demand, gold remains a crucial investment option, especially during times of economic uncertainty. As prices remain near record levels, many are watching closely, assessing whether this trend will continue in the weeks to come.
