ISLAMABAD: The rates of 24 karat per tola gold witnessed an increase of Rs.5,900 on Tuesday and was sold, all time high, at Rs.363,700 against its sale at Rs. 357,800 on the previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported.
The prices of 10 grams of 24 karat also increased by Rs.5,059 to Rs.311,814 from Rs 306,755 whereas the price of 10 grams of 22 Karat increased by Rs.4,637 to Rs.285,839 from Rs. 281,202.
The rates of per tola and ten gram silver remained stagnant at Rs.3,441 and Rs.2,950.
The price of gold in the international market increased by $59 to $3,454 from $3,395 whereas that of silver remained unchanged at $32.77, the Association reported.
On the other hand, the 24-karat gold rates in Saudi Arabia remained unchanged at 4,675 SAR per tola on Tuesday, April 22, 2025.
As per Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is currently valued at SAR 4,013, with an ounce of gold costing 12,481 Saudi Riyal.
Gold rates are influenced by global market trends, including those in Saudi Arabia, with the latest update noted at 10:00 am on April 22, 2025.
Following Donald Trump’s trade war, the gold rates globally are witnessing fluctuation.
For centuries, gold has remained a prized precious metal, holding a crucial place in the global economy.
Read more: Saudi Riyal to Pakistani Rupee Rate; April 22, 2025
Its worth comes from its rarity, resilience, and universal allure. Often seen as a safe-haven asset, gold is used to safeguard wealth during economic uncertainty.
Investors and central banks hold gold reserves to diversify portfolios and shield against inflation and currency volatility.
Gold’s price is shaped by numerous factors. Geopolitical tensions or concerns about a severe economic downturn can rapidly drive up gold prices due to its safe-haven appeal.
As a non-yielding asset, gold often rises when interest rates fall, while higher borrowing costs tend to pressure the yellow metal downward.
