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Friday, November 15, 2024

Home Gold Rate Gold Rates in Pakistan climb to all Time High amid surge in global prices

Gold Rates in Pakistan climb to all Time High amid surge in global prices

by Web Desk (Lahore)
September 14, 2024
in Gold Rate

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KARACHI – Gold Rates in Pakistan surged over to reach an all-time high on Saturday, driven by big hike in global rates.

Data shared by Sarafa Association shows price of yellow metal moving up by Rs400 per tola, with price of per tola standing at Rs266,300. For those looking for prices in grams, the cost for 10 grams moved up by Rs343, bringing it to Rs228,309.

Gold Rates in Pakistan Today

Weight	New Price
Gold (per tola)	Rs266,300
Gold (10 grams)	Rs228,309

On international stage, the precious metal is priced at $2,577 per ounce, with an additional $20 premium. This reflects a $11 increase for the day, highlighting global market trends impacting local prices.

On the other hand, silver maintained its stability, with prices holding steady at Rs2,950 per tola.

This new peak surpasses the previous record of Rs265,900 per tola, underscoring the volatile nature of gold markets and its rising significance as a safe-haven asset in uncertain economic times