Gold price hit a new peak in Pakistan as per tola price increased by Rs2200, reaching Rs251,900, and 10-gram surged by Rs1,887 to close at Rs215,964. In the international market, yellow metal was traded at $2412. Spot gold held steady at $2,384.19 per ounce, while silver rose 1.2% to $28.42 per ounce.
KARACHI: The gold price registered record increase in the country’s history with per tola price jacked up by Rs2200 on Wednesday.
According to Sarafa Association, per tola price of gold surged by Rs2200 to reach Rs251,900 while the price of 10-gram went up by Rs1,887 to close at Rs215,964 in the South Asian country.
In international market, the price of yellow metal was traded at $2412.
Spot gold held its ground at $2,384.19 per ounce, as of 0803 GMT, not far off the all-time high of $2,431.29 it hit on Friday. U.S. gold futures fell 0.3% at $2,400.30.
Spot silver rose 1.2% to $28.42 per ounce, platinum fell 0.3% at $954.55 and palladium was up 0.6% at $1,019.68.
Gold prices in Pakistan have reached a new peak, causing significant shifts in the financial landscape of the country. This sudden surge in gold price is of utmost importance to investors, economists, and the general public. As the global economic uncertainty continues, the gold market in Pakistan has seen a steep rise, reflecting the commodity’s status as a safe haven for investment. The impact of this development is far-reaching, influencing various sectors of the economy and impacting consumer behavior. It’s crucial for individuals and businesses alike to stay informed about these changes and carefully consider their implications for financial planning and decision-making. In the coming days, analysts and experts will closely monitor the trends in the gold market and provide insights into the factors driving this unprecedented surge. The new peak in gold prices serves as a compelling reminder of the dynamic nature of financial markets and the importance of staying well-informed to make sound investment choices.
Source: ARY NEWS
Gold prices in Pakistan reached a historic high, with a significant increase of Rs2200 per tola, reaching Rs251,900. The 10-gram price rose by Rs1,887, closing at Rs215,964. Internationally, the yellow metal was traded at $2412. Spot gold maintained at $2,384.19 per ounce, near the all-time high of $2,431.29. U.S. gold futures declined to $2,400.30. Meanwhile, spot silver saw a 1.2% increase to $28.42 per ounce, platinum dropped to $954.55, and palladium rose to $1,019.68. The market continues to show fluctuations in response to global trends.
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