On Wednesday, gold prices in Pakistan saw a notable increase. The rate for 24-karat gold surged to Rs252,800 per tola, marking a rise of Rs2,300.
Despite this uptick, the price remains Rs3,000 below its true market value, a consequence of diminished purchasing power.
According to the Karachi Sarafa Association, 24-karat gold is now priced at Rs216,735 per 10 grammes, an increase of Rs1,972. Meanwhile, 22-karat gold has also risen, with its new rate set at Rs198,674 per 10 grammes.
In contrast, silver prices in the domestic market held steady. The price of 24-karat silver remained unchanged at Rs2,920 per tola and Rs2,503 per 10 grammes.
On the international stage, spot gold traded at approximately $2,414 per ounce, reflecting a modest gain of $5.50 or 0.23 per cent from the previous session.
