ISLAMABAD: The speed of 24 karat per tola gold decreased by Rs.2,500 and was bought at Rs 300,500 on Thursday towards its sale at Rs300,000 on earlier buying and selling day, All Pakistan Sarafa Gems and Jewelers Affiliation reported.
The value of 10 grams of 24 karat gold additionally decreased by Rs 2,143 to Rs 257,639 from Rs. 259,773 whereas that of 10 gram 22 karat went down by Rs.1,964 to Rs 236,169 from Rs. 238,133.
The charges of per tola silver declined by Rs.64 to Rs.3,250 whereas that of ten gram silver decreased by Rs.55 to Rs.2,786.
The value of gold within the worldwide market decreased by $24 to $2,863 from $2,887 whereas the costs of silver in worldwide market declined by $0.65 to $31.14, the Affiliation reported.
On the opposite aspect, the pure gold charges in Saudi Arabia was recorded at 4,093 Saudi Riyal (SAR) per tola on Friday, February 28, 2025.
Learn extra: Saudi Riyal to Pakistani rupee charge; February 27, 2025
In accordance with particulars from Foreign exchange.pk, 10 grams of pure gold in Saudi Arabia is being bought at SAR 3,513. Moreover, the value for an oz of gold is SAR 10,926.
It is very important notice that gold charges are topic to world market fluctuations, together with these particular to Saudi Arabia, with the final replace recorded at 09:00 am February 28, 2025.
Gold, a extremely valued valuable metallic, has maintained its significance for hundreds of years and performs an important function within the world economic system.
Its worth stems from its shortage, sturdiness, and widespread attraction. Steadily considered a safe-haven asset, gold is employed to protect wealth throughout occasions of financial instability.
Central banks and traders keep gold reserves to diversify their funding portfolios and defend towards inflation and forex worth fluctuations.
The value of gold is determined by a variety of things. Geopolitical instability or fears of a deep recession can rapidly make gold charges escalate as a consequence of its safe-haven standing.