As of Sunday, the 24-karat gold price in Pakistan has risen to Rs195,600 per tola, bringing hope to investors and enthusiasts. Those interested in 22-karat gold can now acquire it at Rs178,290 per tola.
For individuals looking to purchase smaller quantities, the rates are equally attractive. 10 grams of 24-karat gold are currently priced at Rs167,700, while 10 grams of 22-karat gold can be obtained for Rs152,862.
This upward trend in gold prices marks a welcome shift after a period of continuous decline in value.
It's important to note that gold rates in Pakistan can fluctuate multiple times throughout the day in response to global market trends.
These rates are sourced from reliable outlets primarily based in Karachi and Multan.
However, it's worth mentioning that the official gold rates provided by the All Pakistan Jewelers Association have not been updated since September 12, 2023.
In a bid to enhance transparency and promote the growth of the gold sector, a 15-member advisory council has been established, with the federal Ministry of Industries issuing a notification to this effect.
Notably, senior gold trader Haji Haroon Chandko has not been included in the council, raising eyebrows in the industry.
For those closely monitoring the gold market, it is advised to stay vigilant as rates continue to respond to global developments in the world of gold.
Rest assured, we remain committed to keeping our readers well-informed and will provide regular updates on the gold market in Pakistan. Stay tuned for the latest developments in gold prices.
