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The price of 24 karat gold increased by Rs. 1,500 per tola, trading at Rs. 354,500 on Tuesday, according to the All Pakistan Sarafa Gems and Jewelers Association. This comes after a dip on Monday, when the precious metal’s price fell by Rs. 2,500 per tola in the local market.
Prices of Gold by Weight Units
Alongside the tola-based pricing, the rates for 10 grams of 24 karat gold rose by Rs. 1,286, reaching Rs. 303,926. The price for 10 grams of 22 karat gold was recorded at Rs. 278,608. These fluctuations reflect ongoing volatility in the precious metals market amid global economic uncertainty.
Silver Prices Remain Stable
In contrast to gold, silver prices remained steady, with the rate per tola holding at Rs. 3,841 and for 10 grams at Rs. 3,293. This stability indicates less speculative activity in the silver market compared to gold.
Revised Withholding Tax Rates on Prize Bonds and Debt Profits Target Non-Filers
Gold Shines as a Top-Performing Asset in FY25
Notably, gold has delivered an impressive 45% return during the outgoing fiscal year (FY25), making it the second-best performing asset in Pakistan’s market, just behind the KSE-100 index, which yielded a 60% return.
This strong performance underscores gold’s continued status as a safe haven investment, especially amid currency fluctuations, inflation concerns, and geopolitical tensions affecting investor confidence.
Outlook for Gold Market
Market analysts suggest that gold may continue to attract investors seeking stability and long-term value retention. Factors influencing the gold price include:
- Fluctuations in the Pakistani rupee against the US dollar
- International gold price trends
- Inflationary pressures locally and globally
- Demand from jewelers and investors
Investors are advised to keep a close watch on market developments as gold remains a crucial portfolio diversifier in uncertain economic times.
