KARACHI – Gold prices in Pakistan hit the reverse gear after reaching historic high in line with the downward trend in international market on Thursday.
According to the Saraffa Association, the opening price of 24-karat gold per tola on third day of the business week stood at 388,600 while the rate for 10 grams stood at Rs333,161.
Gold is a valuable commodity widely traded in global markets. Known for its rarity and durability, gold has been used for centuries as a store of value and hedge against inflation. It is traded in various forms, including physical bullion, futures contracts, and exchange-traded funds (ETFs).
Investors often turn to gold during economic uncertainty, as it tends to retain value when other assets decline. Major trading centers include London, New York, and Shanghai. Gold prices are influenced by factors like interest rates, currency strength, and geopolitical events, making it a crucial component of diversified investment portfolios.
In international market, the gold price stood at $3,668 per ounce.
Today Gold Rate in Pakistan
| City | Gold Price | Silver Rate |
| Karachi | 388,600 | Rs4,367 |
| Lahore | 388,600 | Rs4,367 |
| Islamabad | 388,600 | Rs4,367 |
| Peshawar | 388,600 | Rs4,367 |
| Quetta | 388,600 | Rs4,367 |
| Sialkot | 388,600 | Rs4,367 |
| Hyderabad | 388,600 | Rs4,367 |
| Faisalabad | 388,600 | Rs4,367 |
Meanwhile, the rates of per tola and ten gram stood at Rs.4,367 and Rs.3,761. respectively.
Market experts attribute the ongoing volatility to uncertain trends in global bullion trading and the fluctuating value of the Pakistani rupee against the US dollar.
