Gold prices in Pakistan have hit a new milestone, with the cost of 24-carat gold per tola rising to Rs 304,200, marking an increase of Rs 1,000 in a single day.
The surge in gold prices is being attributed to a range of global economic factors, including inflationary pressures and shifts in the international market.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-carat gold per tola had risen by Rs 1,000, while 10 grams of 24-carat gold saw an increase of Rs 857, bringing it to Rs 260,802.
The price of 22-carat gold also followed a similar upward trend, reaching Rs 239,077 per 10 grams, up by Rs 794.
The international market has also seen gold prices on the rise, with the price per ounce reaching $2,910, marking a $10 increase. This has led to a ripple effect in local markets, with Pakistani gold prices closely mirroring global trends.
In addition to gold, silver prices remained steady, with the 24-carat silver per tola maintaining a price of Rs 3,350. The price of silver per 10 grams also held firm at Rs 2,872.
