KARACHI: Jan 12: Gold prices are bit stable in Pakistan today. Per tola price of 24 karat gold in Pakistan today is Rs 179600. For 10 gram gold of 24 karat the price in Pakistan is Rs 163980.
The price of gold 24 karat per tola in different cities is as usual is different . In Karachi per tola price of gold of 24 karat is Rs 179500. In Islamabad the price of one tola gold of 24 karat today is Rs 179710. In Quetta, gold rate per tola of 24 karat is Rs 179820 and in Peshawar, the rate of per tola gold of 24 karat today is Rs 179770.
Gold rate in Pakistan today are showing stable outlook. In Pakistan’s gold market huge fluctuation is witnessed in the recent weeks. It has two reasons. One bullish trend in the rates of global market and second rising demand of gold in the local market. Pakistan always see surge in gold prices in November-December which are wedding ceremonies season.
Rafiq Abbasi, a Goldsmith in Rawalpindi, foresees more increase in gold prices in coming days. He viewed that the investors are preferring gold over other metals or commodities as they feel safe in investing in this precious metal.
Market will remain bullish as long as the investors do not have any other options like commodities or real estate sector. He believes the investors have shifted from real estate sector to gold and it was real factor to push gold prices unprecedented up in recent months.
