On October 31, 2023, the price of gold in Pakistan’s domestic market saw a significant increase, regaining its shine after a recent dip. The price per tola rose by Rs900, settling at Rs213,000, according to data provided by the All Pakistan Gems and Jewellers Association.
This increase followed a downward trend the previous day when the price per tola dropped by Rs1,200 to settle at Rs212,100. Similarly, the price for 10 grams of gold had decreased by Rs1,028, reaching Rs181,842 in the domestic market.
However, the upward swing was not limited to the domestic market alone. The international market also witnessed a surge in gold prices. The yellow metal’s price increased by $3, settling at $2015.
The price of gold in various karats also experienced changes. The rate for a single tola of 22 Karat Gold stood at Rs197,724, while the rate for 21 karat per tola was Rs188,738. The 18k gold rate was Rs161,775.00 for a single tola.
In line with the global trend, the price of gold in Pakistan’s domestic market fluctuated. However, the recent rise indicates a positive outlook for gold investors and traders in the country. The increase in gold prices is a reflection of the dynamic nature of the market, influenced by various factors both domestically and internationally.