Gold prices in Pakistan saw a significant rise on Thursday, with the rate for 24-karat gold climbing by Rs2,900 per tola, reaching Rs362,200, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
The sharp increase in local gold prices was primarily driven by a surge in international bullion rates and fluctuations in the rupee-dollar exchange rate.
The international gold rate currently stands at $3,395 per ounce, up by $29 from the previous session.
Meanwhile, in the local market:
- 10 grams of 24K gold is now priced at Rs310,528 (up by Rs2,487)
- 10 grams of 22K gold stands at approximately Rs284,661 (up by Rs2,280)
These rates are based on 24K purity at 999/-, and reflect the current interbank exchange rates.
Silver prices also witness an uptick
Along with gold, silver prices also saw a boost, following global trends:
- Silver per tola (24K) now stands at Rs4,059, up by Rs49
- 10 grams of silver increased to Rs3,479, a rise of Rs42
- International silver price rose to $38.26 per ounce, gaining $0.49
