The price of 24 karat gold per tola has experienced another increase, this time by Rs. 200, bringing the cost up to Rs. 262,000. This is a slight rise from the previous day’s price of Rs. 261,800, indicating a continued upward trend in the gold market.
According to the All Sindh Sarafa Jewellers Association, this increase also affected the price of 10 grams of 24 karat gold, which climbed by Rs. 172, reaching Rs. 224,623, compared to Rs. 224,451 the day before.
Similarly, the price for 10 grams of 22 karat gold has also risen, moving up to Rs. 205,904 from the earlier Rs. 205,747. This steady rise in gold prices is reflective of ongoing market demand and possibly the influence of various economic factors, such as currency fluctuations and investor interest in the precious metal as a safe haven.
Despite the rise in gold prices, the silver market remained stable. The price of silver per tola stayed constant at Rs. 2,950, while 10 grams of silver continued to be priced at Rs. 2,529.14.
This stability in silver prices contrasts with the volatility seen in the gold market and may be attributed to different market dynamics affecting the demand and supply of these precious metals.
The recent trends in the prices of gold and silver highlight the ongoing shifts in the market, with gold continuing to see price increases while silver remains steady.
These changes may influence consumer behavior, especially for those investing in precious metals, whether for jewelry or as an investment. The consistent rise in gold prices may prompt some to invest sooner rather than later, while the stable silver prices could attract buyers looking for a more affordable precious metal option.
