The cost of gold per tola in Pakistan has experienced a notable increase of 1100 rupees. This information comes from the All Pakistan Gems and Jewelers Association, a reputable organization in the country’s jewelry industry. Following this rise, the new price for 24-carat gold in Pakistan stands at 217,600 rupees per tola.
Breaking it down further, the cost of 10 grams of 24-carat gold has also seen an increase, specifically a hike of 943 rupees. Consequently, the updated price for 10 grams of this type of gold is now 186,557 rupees. These figures reflect the current market conditions for gold within the country.
On an international scale, the global gold market has also witnessed a change. The price of gold in the international foreign exchange market has surged by 8 dollars.
This brings the new price for gold to 2,230 dollars per ounce. It’s important to note that this increase in the international market comes after a previous increment of 800 rupees in the local price of gold in Pakistan.
These changes in gold prices, both domestically and globally, can be influenced by various factors such as market demand, economic conditions, and geopolitical events. Investors and individuals closely monitor these fluctuations as they can impact the value of gold and, consequently, have implications for the jewelry and financial sectors.