Till Sunday, the price of 24 carat gold in Pakistan had risen to Rs 195,600 per tola, bringing hope to investors and enthusiasts. Those interested in 22 carat gold can now purchase it at Rs 178,290 per tola.
For people looking to purchase smaller quantities, the rates are equally attractive. 10 grams of 24 carat gold is currently priced at Rs 167,700, while 10 grams of 22 carat gold can be had for Rs 152,862.
This upward trend in gold prices marks a welcome change after a period of continued decline in its value.
It is important to note that gold prices in Pakistan can fluctuate several times throughout the day in response to global market trends.
These prices come from reliable outlets mainly based in Karachi and Multan.
However, it is worth mentioning that the official gold prices provided by the Pakistan Jewelers Association have not been updated since September 12, 2023.
In a bid to improve transparency and promote growth in the gold sector, a 15-member advisory board has been set up and the federal industry ministry has issued a notification to this effect.
Notably, top gold trader Haji Haroon Chandko has not been included in the board, raising eyebrows in the industry.
For those following the gold market closely, it is recommended to remain vigilant as rates continue to respond to global developments in the world of gold.
Rest assured, we remain committed to keeping our readers well-informed and will provide regular updates on the gold market in Pakistan. Stay tuned for the latest news on gold prices.
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