The price of 24 karat gold saw a modest increase, rising by Rs. 300 per tola to reach Rs. 219,600 on Tuesday, as compared to the previous trading day’s price of Rs. 219,300. Similarly, the price of 10 grams of 24 karat gold also experienced a slight uptick, increasing by Rs. 258 to reach Rs. 188,272 from Rs. 188,014. Additionally, the price of 22 karat gold also saw a moderate increase, with the price of 10 grams reaching Rs. 172,582 from Rs. 172,347, according to the All Sindh Sarafa Jewellers Association.
Interestingly, the price of silver remained unchanged, with the per tola and ten-gram prices staying stagnant at Rs. 2,650 and Rs. 2,271.94, respectively. In the international market, the price of gold remained unchanged at $2,072, indicating stability in the global market for this precious metal.
This data suggests that while there was a slight increase in the price of gold in the local market, the international market for gold remained steady. This could be attributed to various factors including global economic conditions, geopolitical tensions, and investor sentiment. It will be interesting to see how these factors continue to impact the prices of gold and silver in the coming days.
