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Gold prices fall by Rs 1,000 per tola in Pakistan

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At a glance

  • 24-karat gold price falls by Rs 1,000 to Rs 462,136 per tola.
  • 10-gram gold price decreases by Rs 857 to Rs 396,207.
  • International gold price drops by $10 to $4,396 per ounce.

Story so far

Gold prices in Pakistan have seen continued decline. After a significant drop of Rs 2,400 on Monday, the price of 24-karat gold per tola fell by another Rs 1,000 on Tuesday, September 8, settling at Rs 462,136. The price for 10 grams of gold also decreased to Rs 396,207. These changes reflect a downward trend in the international market, where the price per ounce has also fallen. Meanwhile, the price of silver has seen a slight increase.

Latest development

On Tuesday, the price of 24-karat gold fell by Rs 1,000 to Rs 462,136 per tola. The price of 10 grams also decreased by Rs 857 to Rs 396,207. The international rate for gold dropped by $10 to $4,396 per ounce.

Latest updates

The price of 24-karat gold in Pakistan decreased on Tuesday, September 8, falling by Rs 1,000 per tola. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the new price for one tola of gold is Rs 462,136.

Similarly, the price for 10 grams of 24-karat gold dropped by Rs 857 to Rs 396,207. The decline in the domestic market followed a $10 drop in the international market, where gold settled at $4,396 per ounce.

In contrast, the price of silver increased by Rs 10, with the new per tola rate at Rs 7,069.

On Tuesday, September 8, the price of 22-karat gold was recorded at Rs 424,708 per tola, while 21-karat gold was priced at Rs 405,494 per tola. The rate for 18-karat gold stood at Rs 347,352 per tola.

Market analysts note that gold prices remain under pressure from a strong US dollar and expectations of a tight monetary policy from the US Federal Reserve. However, demand for safe-haven assets is expected to prevent significant price drops, with short-term indicators pointing to continued volatility.

Sources and updates

Business Recorder

Gold prices drop by Rs1,000 per tola in Pakistan

Gold prices in Pakistan decreased on Tuesday in line with their loss in the international market. In the local market, gold price per tola reached Rs462,136 after a decline of Rs1,000 during the day. Similarly, 10-gram gold was sold at Rs396,207 afte

Business Recorder

Gold price per tola sheds Rs2,400 in Pakistan

Gold prices in Pakistan decreased on Monday in line with their loss in the international market. In the local market, gold price per tola reached Rs463,136 after a decline of Rs2,400 during the day. Similarly, 10-gram gold was sold at Rs397,064 after

Responses

  1. Ye numbers to theek nahi lag rahay, jaisa pehle bhi ishara kiya gaya. But the analysis about the strong dollar and Fed policy influencing prices is the important takeaway for anyone tracking the market.

    1. Bilkul sahi kaha, Mahjabeen sahiba. Aam log bhi to sonay ko hi behtreen saving samajhtay hain. Jab qeemat itni oopar neechay ho to unke liye bhi faisla karna mushkil hojata hai ke kab khareedein ya bechein.

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