Karachi
The per tola price of 24 karat gold witnessed an increase of Rs1,800 and was sold at Rs238,900 on Wednesday as compared to its sale at Rs237,100 on the previous day.
The per tola price of 24 karat gold rose by Rs1,800 to reach Rs238,900 on Wednesday (April 3), while the price of 10 grams of 24 karat gold increased by Rs1,543 to Rs204,818. Similarly, the price of 10 gram 22 karat gold also saw an increase, reaching Rs187,750.
According to All Sindh Sarafa Jewellers Association the price of per tola silver increased by Rs10 to Rs2,610 whereas that of ten gram silver went up by Rs8.57 to Rs2,237.65.
This surge in gold prices can be attributed to various factors, including the rise in international gold prices. In the global market, gold prices rose by $17 to $2,290 per ounce, driven by geopolitical tensions, inflation concerns, and volatility in currency values. These factors have led investors to seek safe-haven assets like gold, increasing its demand and pushing up prices.
The intricate link between Pakistan’s gold market and global trends is evident, with investors and traders closely monitoring international markets for cues on gold prices. The recent price increases have not only attracted the attention of investors but also sparked discussions among policymakers and economists about the implications for inflation, currency valuation, and overall economic stability.