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.
Brazil vs. US: Two insurrections, different results
- 5 hours ago
The most important line from Trump’s State of the Union
- 5 hours ago
Cricut’s most popular cutting machine now takes up less space in your crafting room
- 7 hours ago
Everyone ignores this good news about democracy
- 5 hours ago
Can you fix a broken democracy without breaking it more?
- 5 hours ago
Lightning's Cooper out 2 games after dad's death
- 6 hours ago
FTC declines to enforce a kids privacy law for data collected to verify users’ ages
- 7 hours ago
Dodgers' Sasaki hit hard, struggles in spring debut
- 6 hours ago
Netflix’s F1 series Drive to Survive will stream on Apple TV, too
- 7 hours ago
The Pentagon’s battle with Anthropic is really a war over who controls AI
- 5 hours ago
Stars' Rantanen out weeks after Olympic injury
- 6 hours ago
The false promise of a “no sugar” diet
- 5 hours ago
