Gold Price in Pakistan crosses Rs4.57 Lac after big jump; Check New Rates

Gold Prices Drop To Rs335200 In Pakistan As Global Rates Hit One Month Low

ISLAMABAD — Gold Price in Pakistan moved up to Rs4.57 Lac per tola, a day after falling by Rs4,000, as bullion added nearly Rs8,000, showing once again how quickly the bullion market can change.

Gold buyers in Pakistan are facing another change in prices, with the cost of 24-karat gold rising by Rs7,900 per tola on Wednesday. According to market reports, the price has reached Rs457,236 per tola, while 10 grams of 24-karat gold now cost around Rs392,006. The increase comes just a day after gold became Rs4,000 cheaper, when the per-tola rate stood at Rs449,336.

Gold Rates in Pakistan

Purity per Tola per 10 Grams
Gold 24K Rs457,236 Rs392,006
Silver 24K Rs6,942 Rs5,951

The increase in Pakistan has come alongside a rise in international gold prices. Spot gold was trading around $4,346-$4,347 per ounce, up by more than $50 from the previous day’s level and roughly $79 according to local market reports.

Gold Prices Near Record High In Pakistan Amid Surge In Global Market

Gold prices in Pakistan can move sharply from one day to the next because the local market responds to several factors at the same time. International bullion prices are a major influence, but the rupee-dollar exchange rate, local demand and conditions in domestic bullion markets can also affect the final price paid by consumers.

For ordinary buyers, the biggest takeaway is that gold rates remain volatile. Someone who delays a purchase by even a day may find a noticeably different price when they return to the market.

The current rate also does not necessarily represent the final amount a jewellery buyer will pay, as making charges and other costs can be added depending on the product and seller.

With international gold prices still above $4,300 per ounce, both local buyers and sellers are likely to remain attentive to developments in global markets. For the most accurate transaction price, consumers should check the latest rate with their local Sarafa market or a reputable jeweller before buying or selling.

 

Per Tola Gold Price falls below Rs4.50 Lac in Pakistan amid global dip

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