RAWALPINDI: August 24, 2023: Gold prices stayed at Rs 229000 per tola level amidst surge in the precious metal rates in the international market on Thursday. Gold rates had increased to highest level in Pakistan in the last one week and the local market is speculating more upward fluctuation in the coming days. Gold is maintaining bullish trend and it touched a $ 1919. 25 level on August 24, 2023.
According to data released by Markazi Sarafa Union in Rawalpindi, the gold rates per tola for 24 carat in local market today (Thursday) stand at Rs 229000. Gold rates per tola for 22 carat also reduced to Rs 221000. The price of 10 gram gold for 24 carat is Rs 196330 and 10 gram gold for 22 carat is being sold in the local market at Rs 190160.
The rate of a gold bar for 24 carat is Rs 231500. The rate of silver in the local market today is Rs 2900 per tola.
Gold market in Pakistan is extremely volatile. In the recent weeks, the gold rates showed unpredictable fluctuation and it has left the gold business in Pakistan in total disarray. Gold smith say the sale of gold has literally come to a halt. They argue that genuine buyers of gold have put their plan to purchase gold at hold due to rising uncertainty in its local market.
