The gold market in Pakistan has been witnessing a steady upward trend in prices over the last 10 days, with gold rates reaching new heights. Investors and enthusiasts alike are closely monitoring the market as the prices for both 24K per tola and 22K per 10 grams continue to rise.
Here’s a breakdown of the gold rates for the past 10 days:
| Date | Gold 24K per Tola (Rs.) | Gold 22K per 10 Grams (Rs.) |
|---|---|---|
| Aug 30, 2023 | 237,100 | 183,506 |
| Aug 29, 2023 | 233,000 | 183,113 |
| Aug 28, 2023 | 233,500 | 183,978 |
| Aug 27, 2023 | 233,500 | 183,978 |
| Aug 26, 2023 | 235,500 | 185,078 |
| Aug 25, 2023 | 233,400 | 183,428 |
| Aug 24, 2023 | 232,800 | 182,956 |
| Aug 23, 2023 | 234,500 | 184,292 |
| Aug 22, 2023 | 229,900 | 180,677 |
| Aug 21, 2023 | 227,400 | 178,712 |
In 10 days, both 24K and 22K gold rates rose consistently, showing a strong market sentiment. Gold prices rose due to global economy, demand, and inflation.
Comparative Analysis:
Comparing the gold rates from August 21, 2023, to August 30, 2023, the 24K gold price per tola has surged by a significant Rs. 9,700, while the 22K gold price per 10 grams has witnessed a rise of Rs. 4,794. This represents an approximate increase of 4.27% for 24K gold and 2.68% for 22K gold over this short span.
The consistent increase in gold prices has attracted attention from investors seeking to hedge against economic uncertainties. With the rise in inflationary pressures and global economic volatility, gold has historically been considered a safe-haven asset that retains its value during uncertain times.
Today’s Gold Rates:
As of today, Thursday, August 31, 2023, the gold rates in Pakistan are as follows:
- Gold 24K per tola: Rs. 237,100
- Gold 22K per 10 grams: Rs. 183,507
- Gold 21K per tola: Rs. 204,366
- Gold 18K per 10 grams: Rs. 150,142
Market Outlook:
As the market anticipates further developments on both domestic and international fronts, experts predict that the demand for gold may continue to rise. It’s essential for investors to stay informed about market trends and make informed decisions based on the evolving economic landscape.
The recent surge in gold rates over the past 10 days in Pakistan has been notable, showcasing the precious metal’s resilience in the face of economic uncertainties. Investors are advised to closely follow market trends and consult financial experts before making any investment decisions.
Disclaimer: The gold rates mentioned in this article are based on historical data and are subject to change as per market dynamics.
