Gold prices in Pakistan Today
The price of 24-karat gold recorded an increase in previous session as the latest domestic rate plunged to Rs471,936. According to the latest market rates, 10 grams of 24-karat gold is priced at Rs404,609 while international gold stands at $4,495 per ounce.
Gold prices continued to vary significantly between local markets.
In Lahore, the selling price for a gold piece was reported at Rs471,500, while the buying rate stood at Rs470,000.
In Karachi, gold was selling at Rs471,200.
Silver prices
However, silver shed value in the local market.
The per-tola silver rate was reported at Rs7,169, while 10-gram rate stood at Rs6,146.
August Gold Trend in Pakistan
Gold prices in Pakistan showed a strong overall rise during the first two weeks of August, despite a late correction. Gold gained Rs37,200 per tola (around 8.7%) between August 1 and August 12. After hitting the mid-month high, prices declined by Rs4,000 over the next three days.
Even after the correction, gold remained Rs33,200 per tola higher than its August 1 level.
International gold also remained volatile, trading around $4,375–$4,380 per ounce toward mid-August. Global bullion movements, US dollar trends, Federal Reserve rate expectations, investor profit-taking and geopolitical uncertainty continued to influence prices.
