Gold prices in Pakistan opened higher on first day of new business week after they closed at record high in line with the trend in international market previous week.
According to the Saraffa Association, the opening price of 24-karat gold per tola stood at 397,700 while the rate for 10 grams stood at Rs340,963.
Gold is a valuable commodity widely traded in global markets. Known for its rarity and durability, gold has been used for centuries as a store of value and hedge against inflation. It is traded in various forms, including physical bullion, futures contracts, and exchange-traded funds (ETFs).
Investors often turn to gold during economic uncertainty, as it tends to retain value when other assets decline. Major trading centers include London, New York, and Shanghai. Gold prices are influenced by factors like interest rates, currency strength, and geopolitical events, making it a crucial component of diversified investment portfolios.
In international market, the gold price also dropped and now stood at $3,759 per ounce.
Today Gold Rate in Pakistan
| City | Gold Price | Silver Rate |
| Karachi | 397,700 | Rs4,704 |
| Lahore | 397,700 | Rs4,704 |
| Islamabad | 397,700 | Rs4,704 |
| Peshawar | 397,700 | Rs4,704 |
| Quetta | 397,700 | Rs4,704 |
| Sialkot | 397,700 | Rs4,704 |
| Hyderabad | 397,700 | Rs4,704 |
| Faisalabad | 397,700 | Rs4,704 |
