Per Tola Gold Price jumps to Rs442,636 in Pakistan amid global buying
Why this matters: local context for readers following news across Pakistan and the region.
KARACHI – Gold prices in Pakistan recorded sharp increase at the start of the week, as price of 24-karat gold surged by Rs4,643 per tola, taking the local market rate to Rs442,636. Similarly, the price of 10 grams of 24-karat gold climbed by Rs4,179, reaching Rs378,345 compared to the previous rate of Rs374,166. Gold and Silver Rates Unit Previous Price Change Latest Price Gold (Per Tola) Rs437,993 +Rs4,643 Rs442,636 Gold (10 Grams) Rs374,166 +Rs4,179 Rs378,345 Gold (Per Ounce) $4,156 +$46 $4,202 Silver (Per Tola) Rs6,962 +Rs189 Rs7,151 18, 21 Karat Gold Gold Rate 22K Gold 21K Gold 18K Gold Per Tola 409,750 391,125 335,250 Per 1 Gram 35,130 33,533 28,743 Per 10 Gram 351,303 335,335 287,430 Per Ounce 995,692 950,433 814,657.50 The latest rally comes after a relatively stable trading session on Saturday, when the price of gold slipped by only Rs43 per tola before settling at Rs437,993. Global gold rates rose by $46 per ounce, pushing prices to $4,202 per ounce, including a premium of $20. The rise in international bullion prices typically influences domestic rates, leading to higher gold prices in Pakistan. Silver also followed the bullish trend. The price of silver increased by Rs189 per tola, taking the domestic rate to Rs7,151 from the previous level of Rs6,962. Gold prices may increase up to 40% to hit all-time high in coming months?