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Saturday, November 23, 2024

Home Business Gold prices see big increase in Pakistan amid positive trend in global market

Gold prices see big increase in Pakistan amid positive trend in global market

by Web Desk (Lahore)
October 26, 2023
in Business, Gold Rate

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KARACHI – The gold price moved up in Pakistan in line with the rise in international market trends.

The bullion bounced back after brief plunge in the local market, despite the crackdown and new mechanism of setting new prices.

On Thursday, Gold (24 carats) settled at Rs211,350 per tola with a surge of Rs2,900. The price of 24 Karat Gold Rate (10 Grams) increased by Rs2,486 to Rs181,200.

In international market, the price of bullion continued an upward trend in the international market today and it hovered at $1,990 per ounce.

Bullion remained volatile in the country amid political and economic uncertainty and soaring inflation, and people prefer to buy bullion in such times as a safe investment.