Latest news with #AllPakistanSarafaGemsandJewelersAssociation
Business Recorder
26-06-2025
- Business
- Business Recorder
Gold prices post modest gains
KARACHI: Gold prices posted modest gains on Wednesday, tracking a slight uptick in global bullion rates, traders said. According to the All Pakistan Sarafa Gems and Jewelers Association, international gold prices rose by $3, reaching $3,330 per ounce. However, sluggish momentum in the global market limited the impact on domestic rates. As a result, local gold prices edged higher by Rs300 per tola and Rs258 per 10 grams, closing at Rs354,665 and Rs304,068 respectively. Despite the increase, the market remained largely steady without any notable shift in buying patterns. In contrast, the silver market saw a notable decline. Domestic silver rates dropped sharply by Rs26 per tola and Rs22 per 10 grams, settling at Rs3,764 and Rs3,227 respectively. Globally, silver hovered around $36 per ounce. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association, keeping in view the global market fluctuations. The association links gold trading to interbank exchange rate. Copyright Business Recorder, 2025
Business Recorder
19-06-2025
- Business
- Business Recorder
Gold prices drop sharply
KARACHI: Gold prices dropped sharply on Wednesday reflecting recession in the world market, traders said. International bullion value fell by $20, reaching $ 3,378 per ounce that also brought down local gold prices significantly, All Pakistan Sarafa Gems and Jewelers Association said. The slump dragged down gold prices by Rs 2,245 and Rs 1,925, sinking to Rs 3 59,055 per tola and Rs 307,831 per 10 grams, respectively, according to the association. On the other hand, domestic silver prices registered an increase. The white metal was selling for Rs 3,878 per tola and Rs 3,324 per 10 grams, up by Rs 22 and Rs 10, separately. Global silver traded at over $ 37 per ounce, the association added. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association. Copyright Business Recorder, 2025
Business Recorder
13-06-2025
- Business
- Business Recorder
Gold prices grow
KARACHI: Gold prices significantly grew on Thursday, mirroring the global market uptrend, surpassing $3,350 per ounce, traders. International market gained $30, trading bullion at $3,375 per ounce that pushed up local gold prices by Rs4,000 per tola and Rs3,430 per 10 grams. As a result, gold prices scaled up significantly to Rs356,900 per tola and Rs305,984 per 10 grams, according to the All Pakistan Sarafa Gems and Jewelers Association. Copyright Business Recorder, 2025
Business Recorder
11-06-2025
- Business
- Business Recorder
Gold prices tumble
KARACHI: Gold prices tumbled on Tuesday, as global market downtrend has dragged down bullion value under $3,350 per ounce, traders said. Following a big drop, the total value of local gold scaled down to Rs352,300 per tola and Rs302,040 per 10 grams, according to All Pakistan Sarafa Gems and Jewelers Association. Domestic and global silver markets held steady at Rs3,745 per tola, Rs3,210 per 10 grams and $36 per ounce, the association added. Copyright Business Recorder, 2025
Business Recorder
06-06-2025
- Business
- Business Recorder
Gold soars significantly by Rs4,300/tola in Pakistan
KARACHI: Gold prices soared significantly on Thursday, as world market touched $3,400 per ounce, traders said. Up by huge $43, international bullion prices soared to $3,400 per ounce, driving up the local gold prices by Rs4,300 per tola and Rs3,687 per 10 grams. This surge took the total value of gold prices to Rs358,400 per tola and Rs307,270 per 10 grams, according to All Pakistan Sarafa Gems and Jewelers Association. Domestic silver prices skyrocketed by Rs159 and Rs136, reaching Rs3,745 per tola and Rs3,210 per 10 grams with the international market growing to $36 per ounce, the association added. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association. Copyright Business Recorder, 2025
