Gold prices have seen a significant increase in Pakistan, with the price of 24kt gold per tola rising by Rs. 2,300, reaching Rs. 282,800 as of today, December 12, 2024. The surge follows recent fluctuations in the global and local markets.
For smaller quantities, the price of 24kt gold per 10 grams has also climbed, now standing at Rs. 242,455, up by Rs. 1,971. Meanwhile, the price of 22kt gold per 10 grams is Rs. 222,250.
In international markets, the price of gold has increased by $23, reaching $2,716 per ounce. Silver prices, however, have remained stable, with the 24kt silver per tola priced at Rs. 3,450, and the silver per 10 grams priced at Rs. 2,957.81.
The rise in gold prices is attributed to global economic factors and increasing demand for the precious metal in uncertain times. Gold continues to be viewed as a safe haven investment amidst market volatility.
The increase in gold prices is likely to impact both consumers and investors in Pakistan, particularly in the wedding and jewelry markets, where gold plays a significant role.
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