Gold prices rise for second consecutive day in Pakistan
Business Desk
An undated image. — Pixabay
Gold prices in Pakistan surged for a second day in a row on Saturday, even as international markets saw a dip on the last business day of the week.
According to market updates, the price of 24-karat gold per tola rose by Rs2,400, settling at Rs338,500.
Meanwhile, the 10-gram rate increased by Rs2,058, reaching Rs290,209. The rate for 22-karat gold now stands at Rs312,766 per tola.
Today’s Gold Prices in Pakistan:
Gold Type
Price
Change
24K per tola
Rs338,500
+2,400
24K per 10 grams
Rs290,209
+2,058
22K per tola
Rs312,766
—
Gold Prices Over the Week:
Date
24K Price
15-May
Rs335,200
14-May
Rs341,900
13-May
Rs344,200
12-May
Rs340,500
10-May
Rs350,900
9-May
Rs350,900
8-May
Rs352,700
Globally, gold rose by $24 on Saturday, closing at $3,201 per ounce, including a $20 premium, according to APGJSA. Silver also moved upward locally, increasing by Rs33 to settle at Rs3,410 per tola.
Experts believe the rise in gold prices is driven by global economic uncertainty and fluctuating demand, which are also influencing Pakistan’s local bullion market.
