On December 27, 2023, Pakistan experienced a significant surge in gold prices, impacting both local and global markets. Let’s break down the key details in a concise format.
Local Impact: Price Movement
| Gold Type | Price Increase | New Price |
|---|---|---|
| Per Tola (24K) | Rs200 | Rs219,600 |
| 10 Grams (24K) | Rs258 | Rs188,272 |
The local market witnessed a substantial increase in both per tola and 10-gram prices of 24-karat gold.
Global Perspective
Globally, the price of gold experienced a notable rise:
| Gold Type | Increase per Ounce | New Price per Ounce |
|---|---|---|
| 24-Karat Gold | $11.76 | $2,064 |
This surge reflects broader trends in the international precious metals market.
Uniformity Across Cities
One interesting observation is the uniformity in gold rates across major cities in Pakistan on December 27, 2023:
| City | Gold Price per Tola |
|---|---|
| Lahore | PKR 219,600 |
| Karachi | PKR 219,600 |
| Islamabad | PKR 219,600 |
| Peshawar | PKR 219,600 |
| Quetta | PKR 219,600 |
This synchronized pricing suggests a consistent trend in the local precious metals market.
Silver Rates
In addition to gold, silver rates on the same date were reported at PKR 2,560, providing a comprehensive view of the precious metals landscape.
Key Insights
The surge in gold prices on December 27, 2023, holds significance for investors and market observers. Whether analyzing local impacts, global trends, or city-wise uniformity, these insights are crucial for informed decision-making in the dynamic precious metals market.
