Business
Gold Prices in Pakistan Surge; Reaches Rs. 245,000 per Tola
Gold prices in Pakistan saw a significant surge on Friday, with 24 karat gold reaching Rs. 245,000 per tola, up from Rs. 242,500 on the previous trading day.
This represents a increase of Rs. 2,500 per tola.
Gold Price Update
- 24 karat gold: Rs. 245,000 per tola (up from Rs. 242,500)
- 10 grams of 24 karat gold: Rs. 210,048 (up from Rs. 207,905)
- 10 grams of 22 karat gold: Rs. 192,544 (up from Rs. 190,580)
Silver Prices Remain Steady
- Per tola silver: Rs. 2,650 (no change)
- 10 grams of silver: Rs. 2,271.94 (no change)
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International Market
Gold prices in the international market also saw an increase, rising by $21 to $2,343 per ounce.
Context
The surge in gold prices comes as Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by US$ 74 million to US$ 7,981.2 million due to external debt repayments.
The total liquid foreign reserves held by the country stand at US$ 13,280.5 million as of April 19, 2024.
