Karachi, May 6, 2023 — The latest gold and silver rates in Pakistan have been updated as of 9:00 AM, reflecting the ongoing trends in both the local and international precious metals markets. These rates serve as a key indicator for investors, jewelers, and traders looking to buy or sell these valuable commodities.
According to the most recent update:
• Gold (24 Karat) is being traded at Rs225,000 per tola
• Gold (24 Karat) is priced at Rs192,901 per 10 grams
• Gold (22 Karat) stands at Rs176,826 per 10 grams
• Gold in the international market is valued at $2,036 per ounce
For those tracking silver, the updated prices are:
• Silver (24 Karat) is currently Rs2,950 per tola
• Silver (24 Karat) is priced at Rs2,529.14 per 10 grams
• Silver in the international market is trading at $25.84 per ounce
These gold and silver prices are subject to frequent change due to factors such as global demand, geopolitical events, inflation trends, and currency strength, particularly the value of the Pakistani Rupee against the US Dollar.
Investors are advised to treat these figures as indicative rates and consult authorized dealers or financial professionals before making investment decisions. The allure of gold and silver as safe-haven assets increases during periods of economic uncertainty, but they remain vulnerable to sudden market shifts.
While gold is traditionally seen as a hedge against inflation and currency devaluation, silver often appeals to those seeking more affordable entry into the precious metals market. Both gold and silver can be effective tools for portfolio diversification but require careful risk assessment.
Given the current volatility in global markets, financial experts urge individuals to remain informed, diversify their assets, and ensure that their investments in gold or silver align with their long-term financial goals and risk tolerance.
Note: These rates are provided by Pakistan’s leading association so we are not responsible for any error or omission.