ISLAMABAD: The worth of 24 karat per tola gold decreased by Rs.800 and was bought at Rs 308,700 on Tuesday (February 25, 2025) towards its sale at Rs 309,500 on earlier buying and selling day, All Pakistan Sarafa Gems and Jewelers Affiliation reported.
The worth of 10 grams of 24 karat gold additionally decreased by Rs 686 to Rs 264,660 from Rs.265,346 whereas that of 10 gram 22 karat went down by Rs.629 to Rs 243,613 from Rs. 243,242.
The costs of per tola silver decreased by Rs.45 to Rs,3,350 and that of ten gram went down by Rs.38 to Rs.2,872.
The worth of gold within the worldwide market decreased by $8 to $2,940 from $.2,948 whereas the costs of silver in worldwide market went down by $0.40 to $32.20, the Affiliation reported.
Then again, the pure gold charges in Saudi Arabia had been recorded at 4,135 Saudi Riyal (SAR) per tola on Tuesday, February 25, 2025.
Based on particulars from Foreign exchange.pk, 10 grams of pure gold in Saudi Arabia is being bought at SAR 3,549. Moreover, the worth for an oz. of gold is SAR 11,038.
Learn extra: Saudi Riyal to Pakistani rupee charge; February 24, 2025
You will need to notice that gold charges are topic to international market fluctuations, together with these particular to Saudi Arabia, with the final replace recorded at 10:30 am February 25, 2025.
Gold, a extremely valued valuable steel, has maintained its significance for hundreds of years and performs a significant position within the international financial system.
Its worth stems from its shortage, sturdiness, and widespread attraction. Ceaselessly thought to be a safe-haven asset, gold is employed to protect wealth throughout occasions of financial instability.
Central banks and buyers preserve gold reserves to diversify their funding portfolios and defend towards inflation and forex worth fluctuations.
The worth of gold is determined by a variety of things. Geopolitical instability or fears of a deep recession can shortly make gold charges escalate because of its safe-haven standing.
As a yield-less asset, gold tends to rise with decrease rates of interest, whereas increased value of cash normally weighs down on the yellow steel.