The price of gold saw a significant rise in the domestic market on Monday, 22nd July 2024. According to the All Sindh Sarafa Jewellers Association, the price of per tola of 24 karat gold increased by Rs.1,000, bringing the new rate to Rs. 251,000, up from the previous rate of Rs. 250,000 observed on the last trading day.
Detailed Breakdown of Gold Prices
- Per Tola of 24 Karat Gold: Rs. 251,000 (up by Rs. 1,000)
- 10 Grams of 24 Karat Gold: Rs. 215,192 (up by Rs. 857 from Rs. 214,335)
- 10 Grams of 22 Karat Gold: Rs. 197,260 (up from Rs. 196,473)
Silver Prices Remain Stable
In contrast to the fluctuating gold prices, the price of silver remained stable. The rates for both per tola and ten grams of silver were unchanged:
- Per Tola of Silver: Rs. 2,920
- 10 Grams of Silver: Rs. 2,503.42
International Market Trends
The increase in domestic gold prices corresponds with a slight uptick in the international market. The price of gold in the international market rose by $2, reaching $2,402 from the previous $2,400.
Summary
Today’s gold price increase is a reflection of both domestic market adjustments and international market trends. Investors and buyers are advised to stay informed about these fluctuations as they can impact buying decisions and investment strategies. The stability in silver prices offers a contrast, providing a potential alternative for those looking to invest in precious metals without the volatility seen in gold.
Stay tuned for further updates on gold and silver rates to make informed investment choices.
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