Gold prices in Pakistan saw a slight uptick on Wednesday, maintaining their upward trend influenced by both international developments and local market factors.
As of May 22, the price of 24-karat gold per tola has increased to Rs349,400 from Rs342,800 in the previous session. The rate for 10 grams of 24-karat gold also rose by Rs5,659, now valued at Rs299,554 compared to Rs293,895 earlier.
Read more: Gold Prices Surge Again in Pakistan for Second Consecutive Day
Similarly, the cost of 22-karat gold for 10 grams went up by Rs5,188, reaching Rs274,601 from Rs269,413.
Silver prices also experienced a gradual increase. The cost of silver per tola went up by Rs56 to Rs3,466, while 10 grams of silver rose by Rs48 to Rs2,971.
Market analysts link the rise in prices of precious metals to ongoing economic instability and inflationary pressures. In light of global currency fluctuations and financial market volatility, gold and silver continue to be favored as safe investment options.
| Metal | Unit | New Price (Rs) | Old Price (Rs) |
|---|---|---|---|
| Gold (24K) | 1 Tola | 349,400 | 342,800 |
| Gold (24K) | 10 Grams | 299,554 | 293,895 |
| Gold (22K) | 10 Grams | 274,601 | 269,413 |
| Silver | 1 Tola | 3,466 | 3,410 |
| Silver | 10 Grams | 2,971 | 2,923 |
