Thursday, July 4, 2024 06:22 PM
Gold prices surge in Pakistan following global market trend
- Gold prices in Pakistan rise by Rs800 per tola after recent decline
- International gold rate hits $2,343 per ounce with $20 premium
- Investors and consumers advised to stay informed about fluctuating gold prices
Image Credits: brecorderGold prices in Pakistan show positive movement, aligning with global market trends. Price per tola increases by Rs800, reflecting surge in international gold rate. Investors and consumers advised to stay informed about fluctuating prices.
Gold prices in Pakistan have shown a positive movement after a recent decline, aligning with the global gold market. On Monday, the price of gold per tola increased by Rs800 to reach Rs240,800, reflecting the surge in the international gold rate. This rise was also evident in the price of 10 grams of gold, which climbed to Rs206,447 after a gain of Rs686, as reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Just a day before, gold prices had dipped by Rs200 in Pakistan. However, the international gold rate witnessed an upward trajectory, hitting $2,343 per ounce with a $20 premium on Monday, following a $10 increment during the day. It is worth noting that last month, gold had reached a record high of Rs252,200 per tola in the local market.
The fluctuating nature of gold prices, influenced by global trends, continues to impact the local market in Pakistan. Investors and consumers alike are advised to stay informed about these changes to make well-informed decisions regarding gold transactions.
