Gold prices surge locally, globally
02 January, 2025 19:07
Gold Hits Record High as Prices Rise by Rs10,000 Per Tola - Check New Rates
Gold prices in Pakistan saw an increase on Thursday, with 24-karat gold reaching Rs274,700 per tola, marking a rise of Rs1,100.
Similarly, the price of 24-karat gold per 10 grams climbed to Rs235,511, reflecting a gain of Rs943, according to the latest data from the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
The price of 22-karat gold also increased, reaching Rs215,885 per 10 grams.
In contrast, silver prices remained unchanged in the local market, with 24-karat silver being sold at Rs3,350 per tola and Rs2,872 per 10 grams.
Market data overview:
| Commodity | Jan 02, 2025 | Jan 01, 2025 | Change (DoD) | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold (24k) | 274,700 | 273,600 | +1,100 | -500 | +33,000 | +2,100 |
| Silver (24k) | 3,350 | 3,350 | 0 | -50 | +500 | 0 |
Globally, spot gold traded at approximately $2,638 per ounce, marking an increase of $14.8, or 0.56%, compared to the previous session.
Gold prices have been rising, continuing the positive momentum from the record-breaking year of 2024, as traders anticipate the policy shifts under the new U.S. president-elect, Donald Trump, which are expected to influence economic conditions and interest rates in 2025.
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