Gold prices continue to rise in Pakistan on May 15, 2023

Gold prices in Pakistan maintained an upward trend on Monday, following the trajectory set by international markets.

The domestic rates for both 24-karat and 22-karat gold experienced notable increases, while silver prices also recorded gains.

In the local market, the price of 24-karat gold per tola (11.66 grams) rose by Rs1,100 to reach Rs235,100. Similarly, the rate of 24-karat gold per 10 grams increased by Rs943 to Rs201,560. Meanwhile, the price of 22-karat gold per 10 grams climbed to Rs184,764.

Internationally, the price of gold grew by $5 to reach $2,015 per ounce, reflecting the overall bullish sentiment in the global gold market.

In addition to gold, silver prices also experienced an upward movement in the domestic market. The rate of silver per tola (11.66 grams) increased by Rs100 to Rs3,000, while the price of silver per 10 grams rose by Rs85.72 to reach Rs2,572.

In the international market, the rate of silver was recorded at $24.09 per ounce, indicating a positive trend for this precious metal as well.

It’s important to note that the rates mentioned in this article are based on the information available as of May 15, 2023, and are subject to change. Investors and buyers are advised to stay updated with the latest market conditions and consult reliable sources for accurate pricing information.

The continuous rise in gold prices in both domestic and international markets suggests a favorable environment for investors and individuals holding these precious metals. The market dynamics and economic factors influencing the upward trajectory of gold and silver will be closely monitored by market participants in the days ahead.

Disclaimer: The rates mentioned in this article are based on the information provided as of May 15, 2023, and are subject to change.