Gold Prices rise to Pkr241700 per tola in Pakistan on 16th May 2024

Gold prices have been swiftly increasing for the past week in Pakistan. However, this jump in the last few days is prominently significant. Over the last few days, the rate of 24K gold has been as follows,

Date	Closing rate
16 May 2024	241700
15 May 2024	240700
14 May 2024	239850

The per tola Gold prices of 22K gold is 221557/-, 21K gold is 211488/- and 18K is 181275/-. This difference is attributed to the purity of each kind of gold, from 99.9% pure to 18K gold being 75% pure. This fluctuation in rate can affect the sales and therefore the international market to some extent. These statistics are verified with the Pakistan Sarafa Market. Additionally these prices vary in major cities; highest in quetta and lowest in Karachi with a difference of Rupees 200/- in bidding prices.