ISLAMABAD – On Monday, the price of 24 karat gold per tola experienced a decline of Rs900, settling at Rs283,400. This reduction marks a notable shift from the previous trading day’s rate of Rs284,300.
In addition to the decrease in the price of gold per tola, the cost for 10 grams of 24 karat gold also fell by Rs771, bringing it down to Rs242,970 from Rs243,741. Furthermore, the price for 10 grams of 22 karat gold saw a decline, reducing to Rs222,722 from Rs223,430. This information was provided by the All Sindh Sarafa Jewellers Association.
Interestingly, the price of silver remained stable, with both per tola and 10-gram silver retaining their rates at Rs3,350 and Rs2,872.08, respectively.
On the international stage, gold prices also saw a decrease, dropping by $9 to $2,739 from the previous price of $2,748. This fluctuation reflects ongoing global market trends.
To provide a broader context, here are the current gold prices per tola in four other prominent countries:
- India: The price of 24 karat gold per tola is approximately ₹56,600.
- United States: In the U.S., the price stands at around $2,739 per tola.
- United Kingdom: The price in the UK is about £1,600 per tola.
- Australia: In Australia, gold is priced at approximately A$4,000 per tola.
These rates highlight the varying cost of gold across different markets, influenced by local demand, currency fluctuations, and other economic factors. As the global gold market continues to fluctuate, investors and buyers remain vigilant, monitoring prices for opportunities in this precious metal.
