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Gold Prices Soar in Pakistan

These fluctuations are attributed to ongoing changes in the global market and local demand dynamics.

Gold prices in Pakistan have seen a significant increase recently!

On Wednesday, January 22, the price of 24-karat gold per tola surged by Rs4,250, reaching Rs287,450, while the price for 10 grams rose by Rs3,642 to settle at Rs246,440.

This increase marks the third consecutive day of rising prices, reflecting a strong upward trend in the international gold market, where prices also climbed by $40 to $2,751 per ounce.

Latest Gold Rates (January 22, 2025)

  • 24K Gold:
    • Per Tola: Rs287,450
    • Per 10 grams: Rs246,440
  • 22K Gold:
    • Per Tola: Approximately Rs263,000 (estimated based on typical ratios)

These fluctuations are attributed to ongoing changes in the global market and local demand dynamics.

The previous day saw a smaller increase of Rs300 per tola gold, indicating a consistent rise in value over the week.

Gold prices surged to nearly a three-month high on Wednesday, driven by uncertainty around US President Trump’s policies and a weaker dollar.

Spot gold rose 0.6% to $2,759.83 per ounce as of 0941 GMT, reaching its highest level since November 1 earlier in the session and approaching its record peak of $2,790.15 set in October.

Meanwhile, US gold futures climbed 0.4% to $2,771.10.

Spot silver rose 0.1% to $30.89, hovering near a one-month high hit on January 16.

Platinum increased by 0.3% to $946.43 and palladium added 0.4% to $961.00.

Saman Siddiqui

I am a freelance journalist with a Master’s Degree in Mass Communication and an MS in Peace and Conflict Studies. Since 2006, I have been involved in various capacities within the electronic media industry. At OyeYeah, I cover diverse genres ranging from journalism and fiction to fashion, including reviews and fact-finding reports.

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