In a reflection of the global gold market, the price of gold in Pakistan experienced a significant change today.
The precious metal, commonly referred to as the "yellow metal," witnessed an increase of Rs 900 per tola, reaching a new price of Rs. 213,000 per tola.
This change comes on the heels of a decrease of Rs. 1,200 on Monday, where gold was priced at Rs 212,100 per tola.
The smaller denomination of gold, the 10-gram gold, also saw an increase in its rate. It is now being sold at Rs 182,613, having risen by Rs 771.
These figures are based on data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), a well-known source for such information.
On the international front, the global price of gold saw an increment of $3, bringing it to $2,015 per tola with an additional premium of $20. The APGJSA noted this rise, highlighting the interconnectedness of the local and global gold markets.
In contrast, silver rates remained steady at Rs 2,550 per tola.
This shift in gold prices showcases the influence of international market trends on Pakistan's precious metal rates, impacting both the value of gold and the wallets of those who trade in it.
