Hi Everyone! I hope you are all doing well. Welcome back to another blog. In this blog, I will tell you about the current Gold Price in Pakistan, which has decreased in previous days but is still above PKR 218,000 Per Tola. That’s a considerable amount.
Gold has been one of the most popular investment options for centuries. It is considered a safe haven asset due to its ability to maintain its value during economic downturns. Gold prices have fluctuated over the years, but the value of gold remains high. In this article, we will discuss the current state of gold prices in Pakistan, why gold is a valuable investment, and how to invest in gold.
Current Gold Price
On Friday, the price of gold in Pakistan experienced a slight decline following two consecutive record-breaking sessions. The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) released data indicating that the cost of 24-carat gold decreased by Rs. 100 per tola to Rs. 218,700. Additionally, the price of 10 grams of gold decreased by Rs. 86, falling to Rs. 187,500. This information suggests that the demand for gold may be decreasing in Pakistan, resulting in a drop in prices.
These numbers suggest that the demand for gold may be waning in Pakistan, leading to a decrease in prices. It will be interesting to see whether this trend continues in the coming days and what impact it might have on the local economy.
On Wednesday, the price of 24-carat gold reached a new all-time high of Rs. 218,650 per tola. However, this record was broken the following day when the price surged even higher, settling at Rs. 218,800 per tola. The price of gold at the beginning of the current calendar year was below Rs. 190,000 per tola.
As for the international market, gold prices dropped on Friday, with spot gold decreasing by 0.3 percent to $1,982.65 per ounce by 1350 GMT. US gold futures also decreased by 0.4 percent to $1,991.30.
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