Gold Prices Surge to Record High in Pakistan—14 Sept, 2024

Gold Prices Surge to Record High
  • Gold Prices Surge to Record High of Rs 265,900 per tola. in Pakistan.
  • Silver prices rose, with the per tola price reaching Rs 2,950 and 10 grams at Rs 2,529.14.
  • International gold prices jumped by $51 to approximately $2.56 per ounce.

Gold Prices Surge to Record High in Pakistan!

Karachi, September 14– Gold prices in Pakistan surged to a historic high of Rs 265,900 per tola on Friday, driven by a significant increase in global markets. This record-setting price reflects a substantial rise in the cost of 24-karat gold, which has jumped by Rs 2,900.

Gold Prices in Pakistan Today

Commodity New Price
24 Karat per tola Rs265,900
24 Karat 10 grams Rs. 227,966
Silver Rs2950

Gold Price Details

According to data from the Sarafa Association, the price for 10 grams of gold has also climbed to Rs 227,966. This dramatic increase in gold prices follows a notable rise in the international market, where gold prices have soared by $51, reaching approximately $2,566 per ounce.

Silver Price Update

Silver prices have also experienced an upward trend. The per tola price of silver has risen by Rs 50, reaching Rs 2,950, while the cost for 10 grams of silver has increased by Rs 42.86 to Rs 2,529.14.

Influencing Factors

Several factors influence gold rates, including international prices, currency exchange rates, local supply and demand, and market conditions. In Pakistan, organizations such as the All Pakistan Jewelers Manufacturers Association and the Karachi Saraf and Gold Dealers Association set daily gold prices. These rates are further affected by government taxes and import duties.

As global market trends continue to impact local prices, gold and silver remain volatile assets, with investors closely monitoring fluctuations.

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