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Tag: gold price

  • Gold price drops by Rs4,000 in two days to Rs271,700 per tola in Pakistan

    Gold price drops by Rs4,000 in two days to Rs271,700 per tola in Pakistan

    Gold prices seem to be going down after touching the highest ever peak of Rs277,000 per tola in the previous month.

    On Wednesday, the price for 24-karat gold in Pakistan dropped by a whopping Rs3,000 per tola unexpectedly and was recorded at Rs271,700 in the local bullion market.

    This means the price is now Rs5,300 per tola down from the all-time high level seen in September 2024. So, is it a good time to buy gold in Pakistan? Maybe… or maybe not as the price may drop even further in the coming weeks.

    Along with the per tola, ten-gramme gold rates are also down by Rs2,572 as the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported the price for ten-gramme to be at Rs232,939.

    Since the start of this week, gold rates have declined Rs4,000 per tola within two days.

    In the previous week, the total loss gold suffered was of Rs500 per tola only.

    The international rate of gold was also seen down, according to the APGJSA, the price was recorded at $2,617 per ounce, including a premium of $20, and down by $30.

    Not surprisingly, the price of silver remained unchanged at Rs3,050 per tola in the local market.

  • Gold price drops by Rs700 to Rs275,500 per tola

    Gold price drops by Rs700 to Rs275,500 per tola

    The gold price in Pakistan declined on sixth trading day of the week after a drop in the international bullion rates.

    According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of the yellow metal on Saturday was recorded Rs700 per tola down from yesterday’s Rs276,200 per tola.

    Keeping in view the latest rates released by the association, the price for 24-karat gold was recorded at Rs275,500 per tola in local gold market.

    The price for ten gramme gold was reported about Rs600 down at Rs236,197.

    It is worth noting that the price for one tola gold was seen at an all-time high of Rs277,000 per tola in the previous week.

    One again, the price for silver remained unchanged in Pakistan at Rs3.050 for one tola.

    On the global front, the price of gold droppped by $7 to $2,653 per ounce. This price also includes a premium of $20.

  • Gold price breaks losing streak, increases by Rs600 per tola to Rs275,500

    Gold price breaks losing streak, increases by Rs600 per tola to Rs275,500

    After witnessing days of decline, gold price rebounded slightly in Pakistan. The 24-karat gold rate in local bullion markets was recorded up by Rs600 per tola as the yellow metal was traded at Rs275,500.

    According to rates shared by the Karachi Sarafa Association, the price of ten gramme 24-karat gold was recorded at Rs236,197. This rate also shows an increase of Rs515 per ten gramme as compared to Tuesday’s rate.

    It seems like, this time, the price of precious metal was not up in line with international gold market. According to latest rates, spot gold was seen at $2,653 an ounce, showing a decline of $6.7 and 0.25 per cent.

    As expected, silver prices in the country once again remained unchanged. The price for 24-karat silver was recorded at Rs3,050 per tola and Rs2,615 per ten gramme.

    For those unaware, gold price in the previous week was recorded at an all-time high of Rs277,000 per tola which was attributed to the international surge in bullion in rates, intensifying geopolitical tensions in Middle East and increasing demand from Chinese and Indian market after Fed rate cuts.

  • Gold price decreases Rs500 per tola to Rs275,500 in local market

    Gold price decreases Rs500 per tola to Rs275,500 in local market

    Gold price in Pakistan continued to decline on first trading day of the week mirroring the decrease in global rates.

    In Pakistani bullion market, the price of one tola of 24-karat gold was recorded at Rs275,500, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). It is worth noting that this price is Rs500 down from the Saturday’s closing rate of Rs276,000 per tola.

    The price for ten-gramme-gold also dropped by Rs428 to Rs236,197.

    On Saturday, gold price was recorded Rs700 per tola down from the previous closing.

    Interestingly, silver prices remained unchanged for another day at Rs3,050 per tola in local market.

    Gold prices in the last week were seen at record peak of Rs277,000 per tola before witnessing three consecutive days of decline.

    Moreover, the gold price in international bullion market were recorded approximately $4 down, clocking in at $2,653 per ounce. This rate also includes a premium of $20.

  • Gold price climbs to new record high of Rs275,500 per tola following Rs2,500 increase

    Gold price climbs to new record high of Rs275,500 per tola following Rs2,500 increase

    Bullion prices in Pakistan continued to climb on the  third trading day of the week as the rate for 24-karat gold was recorded Rs2,500 per tola higher than the previous closing.

    According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold in local market was reported at Rs275,500 per tola.

    The latest price of gold is the highest ever rate recorded for the precious metial in Pakistan’s history.

    Furthermore, the price of ten grammes of gold was quoted by APGJSA at Rs236,197 after a rise of Rs2,144 in today’s session.

    This follows a surge in yellow metal’s value witnessed in the international market. According to APGJSA, gold price in the global market increased by $25 on Wednesday, clocking in at $2,653 per ounce. This rate also includes a premium of $20.

    Gold price in Pakistan has increased by more than Rs50,000 per tola this year due to fluctuations in the international market.

  • Gold price drops by Rs600 from record high to Rs271,900 per tola

    Gold price drops by Rs600 from record high to Rs271,900 per tola

    Gold prices in Pakistan dropped after hitting record high in the previous session.

    On first trading day of the week, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold fell by Rs600 and closed at Rs271,900 per tola.

    The price of 10-gramme of gold was recorded at Rs233,110 after sliding by Rs471.

    It is worth mentioning that the gold price in the last two trading sessions jumped by Rs4,000 per tola.

    The last gold rate before Monday’s closing was Rs272,500 per tola.

    Furthermore, silver prices were unchanged once again, clocking in at Rs2,950 per tola.

    The price of gold in the global market also witnessed a loss of $5 during the day and was recorded at $2,617 per ounce. This price also includes a premium of $20.

  • Highest price in Pakistan’s history: Gold rate climbs to Rs268,000 per tola

    Highest price in Pakistan’s history: Gold rate climbs to Rs268,000 per tola

    24-karat gold price, on first trading day of the week, resumed its record high run and surged by Rs1,700 per tola after an increase in global bullion rates.

    The recent surge in yellow metal’s price has pushed the gold rate to Rs268,000 per tola, which is the highest price ever recorded for the precious metal in the history of Pakistan.

    It is worth noting that in the previous session, gold price in the local market rose by Rs400 per tola and settled the day at Rs266,300 per tola, which was the record high rate at the time for yellow metal in the country.

    On the other hand, the global rate of gold also climbed on Monday as the per ounce price was quoted at $2,587, including a premium of $20, reflecting an increase of $10.

    More to follow..

  • Gold price climbs Rs2,000 to Rs262,100 per tola after two consecutive declines

    Gold price climbs Rs2,000 to Rs262,100 per tola after two consecutive declines

    Gold prices in Pakistan saw a significant rise on Thursday, with the rate of 24-karat gold increasing by Rs2,000, reaching Rs262,100 per tola, according to the Karachi Sarafa Association.

    The price for 10 grammes of 24-karat gold also climbed, standing at Rs224,708, an increase of Rs1,714.

    Meanwhile, 22-karat gold was priced higher at Rs205,983 per 10 grammes, reflecting the overall upward trend in the market.

    In contrast, silver prices remained stable, with 24-karat silver holding steady at Rs2,900 per tola and Rs2,486 per 10 grammes.

    On the international market, spot gold traded at $2,504 per ounce, marking an increase of $8.9, or 0.36 per cent, from the previous session.

  • 24-karat gold price increases by Rs1,600 to Rs242,900 per tola in Pakistan

    24-karat gold price increases by Rs1,600 to Rs242,900 per tola in Pakistan

    The price of gold in Pakistan saw a significant increase on Friday, with 24-karat gold reaching Rs242,900 per tola, marking a rise of Rs1,600 per tola. Despite this increase, the price is notably Rs4,500 below its actual cost due to a decline in purchasing power.

    The Karachi Sarafa Association reported that the price of 24-karat gold per 10 grammes rose to Rs208,248, an increase of Rs1,372. Similarly, 22-karat gold prices also saw a hike, reaching Rs190,894 per 10 grammes.

    In contrast, silver prices remained stable in the domestic market. The price of 24-karat silver stood at Rs2,750 per tola and Rs2,358 per 10 grammes.

    On the global market, spot gold was trading near $2,364 an ounce, a modest increase of $3.9 or 0.17 per cent from the previous session. The precious metal is poised for a second consecutive weekly gain, bolstered by softer U.S. economic data that has fueled investor optimism about potential monetary easing.

    Thursday’s data showed a moderate decline in first-time applications for U.S. unemployment benefits last week, coupled with a drop in new housing construction. Additionally, retail sales data from the previous month were tepid, all of which have increased the likelihood of a rate cut in September, according to Reuters.

    Lower interest rates tend to reduce the opportunity cost of holding non-yielding bullion, making gold a more attractive investment. Meanwhile, China’s yuan fell to a fresh seven-month low against the dollar, further influencing the global economic landscape.

  • Gold price rebounds by Rs2,400 to Rs243,000 per tola

    Gold price rebounds by Rs2,400 to Rs243,000 per tola

    In a notable shift, gold prices in Pakistan surged significantly on Thursday, aligning with an upward trend in international markets.

    The local price of gold per tola (approximately 11.66 grammes) climbed to Rs243,000, marking a substantial single-day increase of Rs2,400.

    Similarly, the price of 10 grammes of gold rose by Rs2,057, reaching Rs208,333. These figures were reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

    This surge follows a minor decline on Wednesday, when the gold price per tola in Pakistan decreased by Rs400.

    Contrary to the local market trend, the international gold price witnessed a decrease on Thursday.

    According to the APGJSA, the international rate settled at $2,362 per ounce, inclusive of a $20 premium, after experiencing a $30 drop during the day.

    In contrast, silver prices remained stable, with the rate fixed at Rs2,800 per tola.

    It’s noteworthy that back in April, the price of gold in the local market reached an all-time high of Rs252,200 per tola, highlighting the volatility and significant fluctuations in the precious metals market.