Pakistan’s local market experienced a notable increase in gold prices, with the per tola (11.66 grams) price rising by Rs800.
The All Sindh Sarafa Jewellers Association reported that the price per tola surged by Rs2,200, settling at Rs216,500. This marks a significant hike in the gold rates within the local market.
In addition to the per tola increase, the price for 10 grams of 24-karat gold also saw a rise of Rs800, sold at Rs216,500 compared to the previous day’s Rs215,900. Similarly, the rate for 10 grams of gold experienced an increase of Rs686, trading at Rs185,614. These increments reflect a growing trend in gold prices within the Pakistani market.
On the international front, gold prices have been on an upward trajectory. The current rate stands at a substantial $2,022 per ounce. Spot gold witnessed a 0.5% rise, reaching $2,001.97 per ounce and an increase of over 1% throughout the week. U.S. gold futures also recorded a 0.5% increase, settling at $2,003.00. These international trends influence gold prices in local markets like Pakistan.
