The Karachi Jewellers Association reported that the price of 24-karat gold per tola was higher by Rs. 500 as compared to its trading on the previous day and stood at Rs. 362,600. The price of 10 grams of 24- karat gold also went up by Rs. 429 to sell at 310,871.
Likewise, the price of 22-karat gold had also increased with per tola rates reaching the peak of Rs. 332,383 whereas, 10 grams of 22-karat gold was being sold at a price of Rs. 284,965. The price action indicates continuous fluctuation in both domestic and foreign markets.
The silver prices in Pakistan too have been on the move with the per tola rates being quoted at Rs. 3,409 per 10 grams. The precious metal has however continued to enjoy stable demand with gold on local markets.
| Gold Purity | Tola Price (Rs.) | 10 Gram Price (Rs.) |
| 24K | 362,100 | 310,871 |
| 22K | 332,383 | 284,965 |
| 21K | 314,929 | 270,001 |
| 20K | 299,932 | 257,143 |
| 18K | 269,939 | 231,429 |
The international gold market was mixed, as the world prices were aligned by the fluctuations of US dollars and economy uncertainties. Gold rates in Pakistan are in general in accordance with the global rates but refined with local fluctuations on market prices and currency conversions.
In South Asian countries, families still prefer gold as a safe investment tool especially during weddings and other festivals. Major cities like Karachi, Lahore, Islamabad, Faisalabad, and Rawalpindi follows standardized pricing adopted by Jeweller Association nationwide.
