Karachi, September 17, 2024 – The latest gold and silver prices in Pakistan have been updated as of today, providing crucial insights for investors and buyers in the bullion market. These prices reflect fluctuations in both global and domestic markets, influenced by a range of factors such as inflation, currency movements, and geopolitical developments.
As of Tuesday, September 17, 2024, the price of Gold (24 Karat) has risen significantly in Pakistan, marking a notable increase in the bullion market. Gold is now priced at Rs 268,000 per tola, up from the previous day’s rate of Rs 266,300, indicating heightened demand and global market movements. For buyers interested in purchasing gold by weight, Gold (24 Karat) per 10 grams is now available at Rs 229,767, up from the last day’s closing price of Rs 228,309.
Similarly, the price of Gold (22 Karat) per 10 grams has also seen a rise in Pakistan, standing at Rs 210,620, compared to the previous day’s rate of Rs 209,283. The increase in domestic gold prices reflects global trends, where the international market for gold is currently valued at $2,587 per ounce, up by $10 from the previous day’s $2,577.
Turning to silver, the prices have remained relatively stable in Pakistan as of September 17, 2024. Silver (24 Karat) is priced at Rs 2,950 per tola, unchanged from the previous day’s rates. For those purchasing in grams, Silver (24 Karat) per 10 grams is valued at Rs 2,529, holding steady from the last day’s Rs 2,529.14. However, in the international market, silver has seen a significant rise, priced at $30.90 per ounce, up from the previous day’s $30.03.
These price changes are crucial for investors looking to capitalize on the volatility of the precious metals market. While gold and silver are traditionally seen as safe-haven investments during times of economic uncertainty, potential investors must be aware of the risks associated with market volatility. Factors such as inflation, global events, and central bank policies can dramatically influence prices, making it essential to stay updated on daily trends.
Experts advise that, before making investment decisions, individuals should consult with financial professionals and align their investments with their overall financial goals and risk tolerance. The precious metals market continues to be an area of great interest, both in Pakistan and globally, with prices subject to rapid change.
