Pure 24-Carat Gold

• Rs. per tola
  • This amount is offered for one tola of 24-carat pure gold, which is constantly used in precious jewelry and investments.
• 10 grams: Rs. 245,499
  • When buying small quantities of gold, this price is advantageous.

22-Carat Gold

• Weight: Rs. 262,488
  • For long-lasting jewelry, 22-carat gold, which is slightly less pure, is best.
• 10 grams costs Rs. 225,041
  • The balance between affordability and purity is reflected in its price.

Silver Prices

• Silver is used in jewelry and is a cheaper alternative to gold.
• 2,795 for ten grams of silver
  • This rate reflects the price of 10 grams of silver in the local market.

What is the Reason for the Price Change?

The following variables impact the price of gold and silver:

• Changes in International Gold Rates
  • Global demand has a major impact on real rates, for example, changes in the price of gold in American bones.
  • There is a direct impact on prices in Pakistan.
• Exchange Rate Fluctuations
  • One crucial element to take into account is the Pakistani rupee’s value in relation to the US dollar.
  • Prices typically rise when the currency depreciates.
• Real Strength and Demand
  • Demand for gold in Pakistan is dictated by the wedding season, leave, and the general state of austerity, all of which affect prices.

Differences by City

• Gold and silver prices may vary slightly from city to city due to local market conditions.
• KARACHI: Pakistan sets the benchmark for gold prices.
  • Although there may be slight variations, prices in Karachi are generally comparable to those in Lahore, Islamabad, Peshawar, and other cities.

Current Market Conditions

• The higher gold price reflects concerns about two global economic issues: inflation and geopolitical stability.
• Many investors like gold as a safe haven in times of uncertainty.

Recommendations

• Check with your local jeweler or exchange association for the most up-to-date information on fluctuations.