ISLAMABAD: The speed of 24 karat per tola gold decreased by Rs.3,000 and was bought at Rs 303,300 on Thursday (February 27, 2025) towards its sale at Rs306,300 on earlier buying and selling day, All Pakistan Sarafa Gems and Jewelers Affiliation reported.
The speed of 10 grams of 24 karat gold additionally decreased by Rs 2,829 to Rs 259,773 from Rs. 262,602 whereas that of 10 gram 22 karat went down by Rs.2,594 to Rs 238,133 from Rs.240,727.
The charges of per tola and ten gram silver remained unchanged at Rs,3,314 and Rs.2,841.
The value of gold within the worldwide market decreased by $29 to $2,887 from $2,916 whereas the costs of silver in worldwide market remained stagnant at $31.79, the Affiliation reported.
Then again, the pure gold charges in Saudi Arabia was recorded at 4,069 Saudi Riyal (SAR) per tola on Thursday, February 27, 2025.
Based on particulars from Foreign exchange.pk, 10 grams of pure gold in Saudi Arabia is being bought at SAR 3,492. Moreover, the value for an oz. of gold is SAR 10,862.
Learn extra: Saudi Riyal to Pakistani rupee price; February 27, 2025
It is very important observe 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 27, 2025.
Gold, a extremely valued valuable steel, has maintained its significance for hundreds of years and performs an important position within the world economic system.
Its worth stems from its shortage, sturdiness, and widespread enchantment. Regularly considered a safe-haven asset, gold is employed to protect wealth throughout instances of financial instability.
Central banks and buyers keep gold reserves to diversify their funding portfolios and shield towards inflation and foreign money worth fluctuations.
The value of gold is dependent upon a variety of things. Geopolitical instability or fears of a deep recession can shortly make gold charges escalate attributable to its safe-haven standing.
As a yield-less asset, gold tends to rise with decrease rates of interest, whereas greater price of cash often weighs down on the yellow steel.