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Gold prices in Pakistan experienced notable ups and downs this week, closely following international market trends.
On Monday, July 21, gold rates surged by Rs 3,600 per tola, reaching Rs 361,200, while the price for 10 grams rose by Rs 3,087 to Rs 309,671. This increase mirrored a global jump of $36, taking the international price to $3,387 per ounce.
Tuesday, July 22, saw no change in gold prices, with rates remaining stable both locally and internationally. Silver, however, increased by Rs 23 per tola.
On Wednesday, July 23, gold prices rose again, gaining Rs 3,700 per tola, reaching Rs 364,900. The international price also increased by $37, settling at $3,424 per ounce. Silver followed the same trend, with a Rs 46 rise per tola.
However, on Thursday, July 24, gold prices dropped sharply by Rs 5,900 per tola, falling to Rs 359,000, while the international rate declined by $61 to $3,363 per ounce.
The downward trend continued on Friday, July 25, with another decrease of Rs 2,300 per tola, bringing the rate down to Rs 356,700. The international price also fell further to $3,340. Silver prices dropped as well.
Overall, the week showed significant volatility, driven by global market shifts. Investors are advised to keep an eye on international trends to stay updated.
