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Home Gold Prices in Pakistan near Rs270,000 per Tola after fresh surge

Gold Prices in Pakistan near Rs270,000 per Tola after fresh surge

WEB DESK by WEB DESK
September 19, 2024
in Business
gold rate Pakistan

KARACHI – Gold rates in Pakistan continue to move up with prices hovering around Rs268,500 per tola on Thursday.

Data shared by All Pakistan Sarafa Gems and Jewellers Association shows gold prices resumed their upward trajectory in both global and local markets after a brief pause.

With a fresh increase, the price of 24-carat gold per tola moved up by Rs800, reaching an all-time high of Rs268,500. Meanwhile, the cost of 10 grams of gold has increased by Rs685, now standing at Rs230,195.

Gold Rates in Pakistan Today

Gold Price Increase New Price
24-Carat Gold (per tola)Rs800+Rs268,500
10 Grams GoldRs685+Rs230,195

Globally, gold prices also saw a big boost, rising by $8 to reach a record $2,577 per ounce. This rise shows ongoing economic uncertainties and increased demand for precious metal assets as investors navigate a volatile market landscape.

Market analysts suggest that these rising prices may continue as geopolitical tensions and inflation concerns persist, prompting more investors to turn to gold as a reliable investment option.

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