Gold price in Pakistan: Rates on April 27
Recently, gold prices in Pakistan went down after being very up and down for a while. The Sarafa Association shared data showing that the price per tola (about 11.66 grams) dropped by Rs600, now at Rs244,400. The price for 10 grams also fell by about Rs514, now around Rs209,534. This drop followed a big increase in gold rates just the day before, showing a lot of ups and downs in the gold market.
Understanding the Recent Changes
The gold market in Pakistan has been changing rapidly lately. The day before this drop, gold prices went up a lot, with tola prices rising by Rs2,500 to reach Rs245,000 on Friday. Similarly, the price of 10 grams went up by Rs2,143 to Rs210,048. After this sudden increase, there was a big correction, which led to the gold rates going down.
On Saturday, gold rates in Pakistan witnessed a drop after reaching an all-time high above PKR 250,000 per tola earlier in the session. Data shared by the Sarafa association indicates a PKR 600 decrease per tola, bringing the new rate to PKR 244,400. Similarly, the price of 10 grams of bullion saw losses of around PKR 514, with the new price hovering around PKR 209,5341.
Here are the updated gold rates in Pakistan for April 27:
24-karat gold per tola: PKR 244,400 (decreased by PKR 600)
24-karat gold per 10 grams: PKR 209,534 (decreased by PKR 514)
Additionally, the silver prices on Saturday were quoted at PKR 2,650 per tola and PKR 2,371.94 per ounce1. It’s essential to keep an eye on these fluctuations, especially given the recent bullish trend in the global market
Current Gold and Silver Prices
Right now, the price of silver in Pakistan is Rs2,650 per tola and Rs2,371.94 per ounce. The report from the weekend shows that silver prices have been more stable compared to the changing gold rates.
Article: Gold Rate in Pakistan Today – 16 February, 2024
Overview of Gold Price Changes
Looking at the past week, you can see how gold prices have been moving:
| Date | Gold Price (Per Tola) | Gold Price (10 Grams) |
|---|---|---|
| Monday | Rs243,800 | Rs209,020 |
| Tuesday | Rs243,200 | Rs208,494 |
| Wednesday | Rs243,600 | Rs208,868 |
| Thursday | Rs244,000 | Rs209,240 |
| Friday | Rs245,000 | Rs210,048 |
| Saturday | Rs244,400 | Rs209,534 |
This table shows how gold prices have been going up and then down again recently.
Article: Gold Rates in Pakistan Today 17 April 2024
Looking Ahead Gold price today 22k
It’s hard to say what will happen next with gold prices in Pakistan. The world economy, global politics, and local market conditions will keep affecting how gold prices change. People who want to buy or invest in gold should keep up with the news to make good decisions based on what’s happening.
In short, the recent drop in gold prices in Pakistan shows how quickly things can change in the gold market. People and investors need to use good data and understand the market to make the best choices.
