Gold prices in Pakistan have experienced a significant rise, with the price of 24kt gold per tola increasing by Rs. 2,300, reaching Rs. 282,800 as of December 12, 2024. This surge follows recent fluctuations in both global and local markets.
For smaller quantities, the price of 24kt gold per 10 grams has also risen, now standing at Rs. 242,455, up by Rs. 1,971. The price of 22kt gold per 10 grams is now Rs. 222,250.
In international markets, the price of gold has increased by $23, reaching $2,716 per ounce. On the other hand, silver prices have remained stable, with 24kt silver priced at Rs. 3,450 per tola and Rs. 2,957.81 per 10 grams.
The increase in gold prices is attributed to global economic factors and a growing demand for the precious metal amid ongoing market uncertainties. Gold continues to be considered a safe haven investment in these volatile times.
This rise in gold prices is expected to impact both consumers and investors in Pakistan, particularly in the wedding and jewelry sectors, where gold holds significant value.
