The updated rates of gold and silver in Pakistan, as of 9:00 AM on May 19, 2023, are as follows, displaying the previous close in the domestic market:
Gold 24 Karat is priced at Rs233,600 per Tola
Gold 24 Karat is priced at Rs200,274 per 10 grams
Gold 22 Karat is priced at Rs183,585 per 10 grams
Gold international market: $1,976
Silver 24 Karat is priced at Rs2,900 per Tola
Silver 24 Karat is priced at Rs2,486.28 per 10 grams
Silver international market $23.60
Please note that these prices are indicative only and the website cannot be held responsible for any errors. It is highly recommended that investors carefully evaluate their investment options and seek professional advice before making any investment decisions.
While gold and silver can be attractive investment options during times of market volatility, they come with risks and are subject to market fluctuations. As such, investors must be well-informed and make investment decisions that align with their investment goals and risk tolerance.
Analysts noted that bullion prices in the local market often track trends in the international market, along with fluctuations in the exchange rate. A weaker rupee typically pushes domestic gold prices higher. Traders also highlighted that seasonal demand, particularly around weddings and festivals, can influence short-term price movements.