Gold has seen another big jump in the global and local gold markets, with an increase of Rs 7,700 in the price of gold per tola in the local market.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-carat gold per tola in Pakistan has increased by Rs 7,700 to Rs 436,562. In addition, the price of 10 grams of gold has increased by Rs 6,601 to Rs 374,281.
While the price of silver per tola has also increased by Rs 152 to Rs 5,422. On the other hand, gold per ounce in the global market has become more expensive by $ 77 to $ 4,142.
it may be recalled that in the morning updates the price of gold per ounce in the international bullion market remained stable so far at $4,065, due to which the price of 24-carat gold per tola in the local bullion markets also remained unchanged at 4,28,862. Similarly, the price of gold per 10 grams at the local level also remained stable at Rs3,67,680, making it easier for investors and consumers to predict the market.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) |
| 24-Karat | 436562 | 374281 |
| 22-Karat | 407,580 | 4,14580 |
| 21-Karat | 396,375 | — |
Meanwhile, the price of silver per tola in the country also remained stable at Rs 5,270, while the price of silver per 10 grams remained unchanged at Rs 4,518. According to experts, the stability in the price of gold globally and the uniformity of prices in the local market a positive trends for investors, which is proving to be helpful in maintaining market confidence.
Jewelers have taken advantage of market fluctuations, as in the winter season, witnessing high demand for Gold sales. The low-income people could not afford the prices, and they again switched over to Silver to adopt the old culture of Silver Jewelry. If this trend continues in the market, Gold demand will decrease, which will affect the bullion market.
Read also: Gold Price Today in Peshawar-Check here latest prices
