Lahore November 3 2024: The price of 24-karat gold was recorded at PKR 290,300 per tola on Sunday.
According to local Sarafa and Gold Associations, the bullion market registered the price of 24-karat gold at PKR 248,890 per 10g on Sunday. The price of gold in Pakistan fluctuates several times per the international market, so the cost is never fixed.
Gold prices are typically influenced by the dollar and real yields. However, current high market interest in gold is partly driven by the upcoming elections, anticipated Fed rate cuts, and broader economic and geopolitical uncertainties, Standard Chartered said in a note.
High gold prices, however, continue to affect physical demand in major Asian regions.
