Karachi, January 7, 2025 – Gold prices in Pakistan saw a significant increase on Tuesday, with the price of 24-karat gold rising to Rs 276,000 per Tola. This surge came after positive trends were observed in the global gold markets. The price of 24-karat gold per Tola went up by Rs 1,000 compared to the previous day’s closing rate of Rs 275,000 in local markets.
This recent increase in Pakistan’s gold prices marks a notable shift in the precious metal’s market performance, though it remains below the historic high of Rs 287,900 per Tola, which was recorded on October 30, 2024. Despite the increase, the current price of gold in Pakistan continues to reflect the ongoing volatility and fluctuations seen in the global gold market.
In addition to the rise in the price of gold per Tola, the cost of 24-karat gold per 10 grams also saw an upward trend, increasing by Rs 857. The price per 10 grams reached Rs 236,625, compared to the previous day’s closing price of Rs 235,768 in domestic markets. This increase in gold prices is significant for consumers, investors, and traders alike, as gold continues to be a valuable asset in Pakistan’s economy.
Experts in the bullion market have attributed the rise in gold prices in Pakistan to the upward movement in international markets. On the global stage, gold prices saw an increase of $10, closing at $2,643 per ounce on Tuesday, compared to the previous day’s closing price of $2,632. The global increase in gold prices has had a direct impact on local prices in Pakistan, pushing the market to respond accordingly.
As gold prices continue to climb, investors in Pakistan are closely monitoring these developments. Gold remains a popular investment choice in the country, especially during times of economic uncertainty. The fluctuations in gold prices are influenced by a range of factors, including global demand, currency fluctuations, and geopolitical tensions, all of which contribute to shaping the gold market in Pakistan.