The data shared by All Pakistan Sarafa Gems and Jewellers Association shows that the price of 24-carat gold rose by Rs1,600 per tola and Rs1,371 per 10 grams, reaching Rs214,800 and Rs184,156, respectively.
Karachi: Gold prices in Pakistan started the week on a positive note, reflecting a nominal increase in international rates.
The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported that the price of 24-carat gold rose by Rs1,600 per tola and Rs1,371 per 10 grams, reaching Rs214,800 and Rs184,156, respectively.
Traditionally, local gold prices tend to increase when the Pakistani rupee depreciates against the US dollar and when commodity prices decline in the global market.
Simultaneously, the price of gold in the international market saw a $2 gain, settling at $1,957.
Gold rates in Pakistan have been experiencing volatility due to ongoing political and economic uncertainty, as well as high inflation for quite some time. In such times, individuals often turn to gold as a safe investment and a hedge against market fluctuations.
T-Mobile is shuffling its high-end plans
- 7 hours ago
Run at history: Kipyegon eyes historic sub-4 mile
- 4 hours ago
If India is expelling Pakistanis, why not Adnan Sami, Fawad Ch questions
- 6 hours ago
At least four killed, 500 injured in Iran port explosion: state media
- 6 hours ago
Magnitudes of 4.9, 5 earthquake jolt Balochistan's Zhob, KP's Swat
- 5 hours ago
Pinterest is prompting teens to close the app at school
- 7 hours ago
Will the next pope be liberal or conservative? Neither.
- 5 hours ago
Approval to operate ‘Air Punjab’, bullet train projects
- 6 hours ago
Bethesda confirms Oblivion remaster’s imminent reveal
- 7 hours ago
Allama Iqbal Express carriages derail in Kotri
- 4 hours ago
Karachi Inter exams scheduled on April 28 postponed
- 7 hours ago
CJCSC, SCO's Exec Director discuss regional security, counter-terrorism
- 2 hours ago
