Gold prices in Pakistan have reached an unprecedented high, with 24K gold surging to Rs 280,000 per tola on Saturday, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
This record-breaking spike marks a significant shift in the gold market, driving sharp price hikes across all gold categories and sparking concerns among buyers and investors alike. The sudden rise reflects global economic trends and increasing demand for the precious metal.
As of today, the price of 24K gold per 10 grams has also surged to Rs 240,060, with a price per gram standing at Rs 24,006. This dramatic increase has further inflated the cost of 24K gold per ounce, which now stands at a hefty Rs 680,400.
The surge has not only impacted 24K gold but other categories as well. For example, 22K gold has now reached Rs 256,666 per tola, while 10 grams is priced at Rs 220,055. The price per gram of 22K gold has climbed to Rs 22,005.5, and 22K gold per ounce is now valued at Rs 623,700.
Similarly, 21K gold saw a steep rise in prices. It is now valued at Rs 245,000 per tola, with 10 grams costing Rs 210,052.5 and the price per gram standing at Rs 21,005.25. The price of 21K gold per ounce has jumped to Rs 595,350, further reflecting the overall upward trend in the market.
18K gold also witnessed substantial gains, as its price per tola now stands at Rs 210,000, with 10 grams priced at Rs 180,045. The cost per gram for 18K gold has surged to Rs 18,004.5, while the 18K gold per ounce is priced at Rs 510,300.
These sharp price increases are not only affecting buyers but also signaling shifts in Pakistan’s economic landscape, where inflationary pressures and fluctuations in the global economy are contributing to this remarkable rise in gold prices.
