The gold market witnessed a notable increase in prices today, 18th July 2024. According to the All Sindh Sarafa Jewellers Association, the price of 24 karat gold per tola rose by Rs. 4,600, reaching Rs. 254,000, up from Rs. 249,400 on the last trading day.
Gold Prices Breakdown:
- 24 Karat Gold (Per Tola): Rs. 254,000 (up by Rs. 4,600)
- 10 Grams of 24 Karat Gold: Rs. 217,764 (up by Rs. 3,944)
- 10 Grams of 22 Karat Gold: Rs. 199,617 (up by Rs. 3,615)
The consistent increase in gold prices highlights the rising demand and market fluctuations. The price of 10 grams of 24 karat gold increased by Rs. 3,944, now standing at Rs. 217,764, compared to Rs. 213,820 previously. Similarly, 10 grams of 22 karat gold saw an increase of Rs. 3,615, with the price rising to Rs. 199,617 from Rs. 196,002.
On the other hand, the prices of silver remained unchanged. The cost of per tola and ten grams of silver remained constant at Rs. 2,900 and Rs. 2,486.28, respectively, providing some stability in the precious metals market.
Silver Prices:
- Per Tola: Rs. 2,900
- 10 Grams: Rs. 2,486.28
In the international market, the price of gold also experienced a significant increase. It surged by $60, bringing the price to $2,470, reflecting global trends and economic conditions.
The fluctuations in gold prices are influenced by various factors including global economic conditions, currency exchange rates, and market demand. Investors and consumers alike are advised to stay informed about these changes to make well-informed decisions regarding their investments in precious metals.
As the gold market continues to experience volatility, it remains crucial for buyers and investors to monitor these price movements closely. The All Sindh Sarafa Jewellers Association provides regular updates to help keep stakeholders informed about the latest trends and developments in the market.
Afsheen Gohar believes in the power of clear, straightforward writing. Her blog posts tackle everyday topics with relatable insights and easy-to-follow advice. With a conversational style, she makes complex subjects feel understandable. She’s dedicated to sharing knowledge and empowering readers to take action. Find her latest posts on trending in social.
