KARACHI: Gold prices in Pakistan declined today, February 4, 2025, mirroring a similar trend in international markets. The decrease comes as global investors await key economic data and central bank announcements, particularly from the Federal Reserve.
According to the All Sindh Sarafa Jewellers Association, the price of one tola of gold decreased by Rs 450, settling at Rs 288,600. The price of 10 grams of gold also saw a reduction of Rs 386, reaching Rs 247,467. Silver prices followed a similar downward trend, with one tola falling by Rs 25 to Rs 3,355 and 10 grams decreasing by Rs 22 to Rs 2,878.
Global Market Impact
Gold Prices in Pakistan on February 4, 2025, Following Global Dip The global gold market has softened due to a slightly stronger US dollar. Spot gold was trading at $2,760.50 per ounce at 11:00 AM GMT, down 0.3% after an earlier decline of 0.8%. US gold futures also declined, dropping 0.4% to $2,764.80 per ounce.
Gold’s Enduring Value
Gold’s enduring value stems from several key factors:
- Scarcity: Gold is a relatively rare and limited resource.
- Aesthetic Appeal: Gold’s lustrous appearance and durability make it highly valued for jewelry and other decorative purposes.
- Store of Value: Gold has a long history as a reliable store of value, serving as a hedge against inflation and economic uncertainty.
As a safe-haven asset, gold attracts investors during periods of economic and geopolitical turmoil. Central banks and investors hold gold reserves to diversify portfolios and mitigate risks associated with currency fluctuations and inflation.
Disclaimer: This information is for educational purposes only and is not investment advice.
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