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There has been an increase in gold prices in the bullion market. The price of gold per tola has increased by Rs. 700.
Gold is now priced at Rs. 275,200 per tola, and the price of 10 grams of gold has increased by Rs. 600, reaching Rs. 235,940.
In the global market, gold has increased by $7 to reach $2640 per ounce, while the price of silver per tola remains stable at Rs. 3,400.
So, what’s causing this sudden drop?
Well, it seems like the international gold market is also experiencing a downturn. Gold prices globally have fallen by $43 per ounce. But there could be other reasons too. Maybe the Pakistani Rupee is getting stronger, or perhaps there’s just less demand for gold right now. Whatever the reason, it’s good news for buyers!
Don’t miss out on this golden opportunity!
Whether you’re buying for a wedding, investing for the future, or just want to treat yourself, now’s the time to check out the gold markets. But remember, prices can vary from jeweler to jeweler, so make sure to shop around and compare prices before you make a purchase.
| Metal | Unit | Price | Change |
|---|---|---|---|
| Gold | Tola | 275,200 | +700 |
| Gold | 10 grams | 235,940 | +600 |
| Gold | Ounce (International) | 2640 USD | +7 USD |
| Silver | Tola | 3,400 | Stable |
Q: Why have gold prices suddenly dropped in Pakistan?
A: There are a few reasons for this exciting drop! The international gold market is experiencing a downturn, affecting local prices. Also, the Pakistani Rupee might be getting stronger against the US dollar, making gold imports cheaper. Finally, local demand might be lower than usual.
Q: Is this a good time to buy gold jewelry?
A: Absolutely! If you’ve been eyeing that stunning gold set, now’s a great time to buy. With prices significantly lower, you can save a considerable amount on your purchase. This is especially good news for those planning weddings or looking to gift gold during the festive season.
Q: Should I invest in gold now?
A: This price dip could be a good entry point for investors looking to add gold to their portfolio. However, it’s essential to research and consult with a financial advisor before making any investment decisions.
Q: Where can I find the most accurate gold rates?
A: While online resources and news websites can provide a general idea, always contact your local jeweler for your area’s most up-to-date and precise gold rates.
Q: Will gold prices go up again?
A: It’s impossible to predict the future of gold prices with certainty. They could go up, down, or remain stable. Various factors, including international market trends, currency exchange rates, and local demand, will influence future price movements.
Q: Are making charges also affected by the price drop?
A: No, making charges are separate from the actual gold price. Jewelers add these charges to cover their labor and design costs. However, you can still save significantly on the overall cost of gold jewelry due to the lower gold price.
Q: What’s the difference between buying gold jewelry and gold bars/coins?
A: Gold jewelry often includes making charges, which can be quite high. Gold bars and coins, on the other hand, typically have lower premiums and are a more direct investment in gold.
How much is 1 tola gold in Pakistan?
As of November 25, 2024, 1 tola of 24K gold in Pakistan is around Rs. 285,500.
What is the gold 24-carat today in Pakistan?
This is the same as the price per tola I mentioned above. 24 carat refers to the purity of gold (pure gold). So, 1 tola of 24-carat gold in Pakistan today is around Rs. 285,500.
How much is 22K gold in the UAE today?
Unfortunately, I don’t have access to real-time gold prices for specific locations like the UAE. Gold prices can vary significantly from country to country due to factors like currency exchange rates, local taxes, and market conditions.
To find the most up-to-date price of 22K gold in the UAE, I recommend checking these resources:
- Local jewelers in the UAE: They will have the most accurate pricing for their region.
- Reputable online gold price trackers: Many websites and financial news sources provide live gold prices for various countries.
What is 22-carat gold in PKR?
To determine the price of 22K gold in PKR, you would first need the current price of 22K gold in the UAE (in AED). Then, you’d need to convert that price to PKR using the current AED to PKR exchange rate.
Keep in mind that 22K gold is slightly less pure than 24K gold. This means its price per gram will be lower than the 24K gold price I mentioned earlier (Rs. 285,500 per tola).
Fahad Munir is a seasoned journalist and editor at Awam PK, specializing in sharing accurate and timely news, job updates, and educational information to the Pakistani audience.
