Karachi, January 15, 2025— According to global market trends and investors’ continued interest in safe-haven assets, gold prices in Pakistan rose even more on Wednesday. The price of 24K gold was recorded at Rs. 278,800 per tola, creating a new milestone in the local market.
Breaking down the rates, 22K gold was valued at Rs. 255,565 per tola, while 21K gold stood at Rs. 243,950 per tola. Meanwhile, the price of 18K gold, a favorite choice among budget-conscious purchasers, was quoted at Rs. 209,100 per tola.
For customers buying gold in lesser amounts, the rates per 10 grams were as follows:
24K Gold costs Rs. 239,000, 22K Gold costs Rs. 219,082, 21K Gold costs Rs. 209,125, and 18K Gold costs Rs. 179,250.
The price per gram and ounce followed a similar upward trend, with 24K gold per ounce hitting Rs. 677,600, showing gold’s rising worth in both domestic and worldwide markets.
Market observers attribute the price increase to a variety of causes, including shifting currency values, geopolitical risks, and inflationary pressures. Gold prices continue to rise, both worldwide and locally, due to increased demand as a hedge against economic volatility.
The rising gold prices have elicited conflicting responses from local customers. Jewelers indicate consistent demand for lower-karat gold items, although buyers express worry about cost.
