Gold price increases by Rs500 per tola in local market

KARACHI: On the first trading day of the week, gold prices in Pakistan saw an increase, with 24-karat gold rising by Rs500 per tola, reaching Rs282,900, as per the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).

Similarly, the price of 24-karat gold for 10 grammes also went up by Rs429, selling at Rs242,541.

The price of 22-karat gold also increased, with a 10-gramme unit being quoted at Rs222,337.

Meanwhile, silver prices moved in the opposite direction. The price of 24-karat silver fell by Rs9 per tola, bringing it down to Rs3,372. For 10 grammes, the price declined by Rs8, now standing at Rs2,890.

On the international front, gold traded near $2,709 per ounce, marking a rise of $12.3 or 0.46 per cent from the previous session.

The firming of gold prices globally was supported by a weaker US dollar, as investors awaited Donald Trump’s return to the White House, with attention focused on his inauguration speech and its potential impact on the economy and interest rate outlook.

Recent gold price movements in Pakistan (January 2025):

January 1: 24-karat gold increased to Rs273,600 per tola, up by Rs1,000.

January 2: Gold prices continued to rise, reaching Rs274,700 per tola, a gain of Rs1,100.

January 3: Another increase of Rs2,200 brought the price to Rs276,900 per tola.

January 4: Gold prices fell by Rs1,200, settling at Rs275,700 per tola.

January 6: A decrease of Rs700 took the price to Rs275,000 per tola.

January 7: Prices rebounded, gaining Rs1,000, with gold priced at Rs276,000 per tola.

January 8: Gold gained another Rs1,000, reaching Rs277,000 per tola.

January 9: A further increase of Rs1,300 brought the price to Rs278,300 per tola.

January 10: Gold gained Rs1,100, reaching Rs279,400 per tola.

January 11: The price of gold increased by Rs1,400, reaching Rs280,800 per tola.

January 13: Gold prices fell by Rs1,500, bringing the price to Rs279,300 per tola.

January 14: Another drop of Rs1,400 brought the price down to Rs277,900 per tola.

January 15: Prices surged by Rs2,900, reaching Rs280,800 per tola.

January 16: Gold gained Rs1,400, settling at Rs282,200 per tola.

January 17: Prices increased again by Rs400, bringing the price to Rs282,600 per tola.

January 18: A slight dip of Rs200 saw gold prices settle at Rs282,400 per tola.

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