As of 9:00 AM on Monday, July 17, 2023, the latest rates for gold and silver in the Pakistani market have been released, reflecting the closing values from the previous trading session. These updated prices are essential for investors, jewelers, and traders who closely follow precious metal trends both locally and globally.
In the domestic market, the price of gold (24 Karat) has been recorded at Rs213,200 per tola, with the 10-gram rate standing at Rs182,785. For those dealing in slightly lower purity, gold of 22 Karat is being traded at Rs167,553 per 10 grams. These rates are influenced by fluctuations in the international market and changes in local demand, making them critical reference points for buyers and sellers alike.
On the global front, the gold price is currently at $1,955 per ounce. This international benchmark often serves as a key driver for local pricing, particularly as geopolitical events and economic data continue to shape investor behavior and global demand for safe-haven assets like gold.
Turning to silver, the 24 Karat variety is priced at Rs2,650.00 per tola in Pakistan, while 10 grams of silver is available at Rs2,271.94. In the international market, silver is trading at $24.96 per ounce, showing stability in line with broader market expectations.
It’s important to note that these rates are subject to regular fluctuation due to ongoing changes in the global economy, currency exchange movements, and shifts in investor sentiment. The platform providing these figures cannot be held liable for any discrepancies, and all buyers are advised to cross-check with local dealers before making financial commitments.
Investing in gold or silver can offer a hedge against inflation and economic instability, but as with any investment, there are risks involved. Market volatility can impact returns, so it is recommended that individuals seek professional financial advice and carefully assess their risk tolerance and long-term goals before proceeding.