The price of gold in the local market remained unchanged today, closing at Rs241,500 per tola and Rs207,047 per 10 grams. This stability follows a slight decline of Rs 200 per tola and Rs 172 per 10 grams recorded on Monday.
During the past week ending June 30, the cumulative increase in the price of gold amounted to Rs200 per tola in the local market, according to the All-Pakistan Sarafa Gems and Jewellers Association . They reported that the current price of gold in Pakistan is approximately Rs 1,500 per tola cheaper than prices in Dubai, reflecting a cost advantage for buyers in the country.In contrast, the international price of gold experienced a slight decline due to a firm US dollar.
As of 0710 GMT, spot gold slipped by 0.2% to $2,327.06 per ounce, while US gold futures held steady at $2,339.10.Similarly, silver prices in Pakistan remained unchanged at Rs 2850 per tola and Rs 2,443.41 per 10 grams.The pricing of gold in Pakistan is determined by the APSGJA, which sets rates based on global market trends, the exchange rate between the Pakistani rupee and US dollar, and domestic supply and demand dynamics.
The association updates gold prices for local markets six days a week, from Monday to Saturday, aligning them with recent trade transactions between buyers and sellers.Despite fluctuations in the international market, the stability of local gold prices offers a favorable environment for buyers in Pakistan. As global economic indicators continue to influence gold prices, stakeholders in the local market remain vigilant for further developments that could impact future pricing trends.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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