The domestic gold market in Pakistan experienced a slight decrease in prices on Saturday. This comes after the precious metal had significantly recovered from previous losses. According to data provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price per tola gold fell by Rs100, closing at Rs222,800. However, the price of 10 grams of 24 carats gold saw an increase of Rs257, settling at Rs191,015.
Internationally, the price of gold also witnessed a drop, decreasing by $4 to close at $1,962 per ounce. Meanwhile, the prices of silver remained steady in the domestic market, with per tola and 10 gram silver maintaining their prices at Rs2,650 and Rs2,271.94, respectively.
The price of a single tola of 24-karat gold was reported to be Rs 222,900 on Saturday, while 10 grams of the same quality gold was priced at Rs191,100. The rates for 22k gold were also noted, with 10 grams being traded for Rs175,018 and a single tola being sold at Rs 204,147.
It is important to note that gold rates in Pakistan are subject to fluctuations in line with the international market, hence the prices are never fixed. The rates provided are sourced from local gold markets and Sarafa Markets across various cities. The price of gold was consistent across cities like Lahore, Karachi, Nowshehra, Sargodha, Faisalabad, Mirpur, Islamabad, Peshawar, Quetta, Sialkot, Attock, Gujranwala, Jehlum, Multan, Bahawalpur, Gujrat, Nawabshah, Chakwal, and Hyderabad, all reporting a gold price of PKR 222,900.
