In a notable market development, the per tola price of 24 karat gold witnessed a substantial increase of Rs.950, reaching Rs.217,450 on Saturday. This surge contrasts with its previous closing value of Rs.216,500 on the last trading day.
The cost of 10 grams of 24 karat gold also experienced an uptick, rising by Rs.814 to Rs.186,428 from its previous Rs.185,614. Similarly, the prices for 10 grams of 22 karat gold saw an increase, reaching Rs.170,893 from Rs.170,146, according to the latest report by the All Sindh Sarafa Jewellers Association.
Despite the fluctuations in gold prices, the rates for silver remained constant, with per tola and ten grams priced at Rs.2,650 and Rs.2,271.94, respectively.
Internationally, the price of gold displayed an upward trend, rising by $12 to $2,068 from its previous value of $2,056, as indicated by the Association’s report.
Investors and enthusiasts alike are closely monitoring these shifts in the precious metal market as gold continues to play a pivotal role in global economic dynamics. The reasons behind this surge in gold rates are multifaceted, and experts anticipate ongoing fluctuations in response to various market forces.
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