Web Desk Gold prices in Pakistan are continuing to move upward as the local bullion market recorded another increase on Wednesday, pushing the price of 24K gold to Rs. 481,500 per tola.
According to the latest market figures, the price of 24K gold increased by Rs. 500 per tola compared to the previous trading session. The rate for 10 grams of 24K gold is currently standing at Rs 412,809, while the per gram price is being recorded at Rs 41,281.
The price of 22K gold is being traded at Rs 441,489 per tola and Rs 378,409 per 10 grams. Meanwhile, 21K gold is standing at Rs 421,421 per tola, while 20K gold is being quoted at Rs 401,354 per tola in local markets.
International bullion prices are also continuing to influence domestic gold trends. Global gold prices are currently trading near $4,712 per ounce, keeping pressure on local jewellery and investment markets across Pakistan.
Gold prices in the country are remaining highly sensitive to international market fluctuations, currency movements and import-linked pricing factors. The latest increase is continuing to affect jewellery purchases, particularly in major urban markets, including Karachi, Lahore, Islamabad, Peshawar and Quetta.
The bullion market is also reflecting continued investor interest in gold as a financial hedge against inflation and economic uncertainty. Demand for 24K and 22K gold is remaining active among both investors and jewellery buyers despite continued price volatility in recent weeks.
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