Gold prices in Pakistan witnessed a notable increase on Tuesday, June 11, 2024, in line with global market trends. This surge has drawn significant attention from both investors and the general public. This article delves into the recent movements in gold price within Pakistan and examines the contributing factors behind this rise.
Gold Prices in Pakistan
On June 11, 2024, the Sarafa Association reported a substantial increase in gold price across Pakistan. The price of gold per tola rose by Rs900, reaching Rs241,300. Similarly, the price of gold per 10 grams increased by Rs629, settling at Rs206,876.
| Measurement Unit | Price on June 11, 2024 | Previous Day’s Price |
|---|---|---|
| Per Tola | Rs241,300 | Rs239,000 |
| Per 10 Grams | Rs206,876 | Rs205,247 |
International Influence
Globally, gold price also experienced an upward trend. The international gold price increased by $15, reaching $2,307 per ounce. This global rise plays a crucial role in influencing local gold price in Pakistan, as international market dynamics often set the pace for domestic pricing.
Related Reading
For more on recent gold price movements, refer to our related article: Gold Prices in Pakistan Today – 13 May, 2024.
Conclusion
The rise in gold prices in Pakistan on June 11, 2024, reflects broader trends in the global market and various economic factors. By understanding these dynamics, investors can make more informed decisions regarding their investments in precious metals.
