Gold prices in Pakistan saw a sharp increase on Friday, with the price of 24-karat gold rising by Rs2,700 per tola, as global markets also experienced an upward trend in precious metal rates.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the new price of 24-karat gold reached Rs273,900 per tola. Similarly, the price of 10-gram 24-karat gold surged by Rs2,315, bringing it to Rs234,825.
The rise in gold prices in the local market mirrors a global trend, with international gold prices climbing by $27 during the day. The APGJSA reported that the international price of gold now stands at $2,640 per ounce.
Despite the significant increase in gold prices, the silver market remained stable. The price of silver held steady at Rs3,050 per tola.
This surge follows a recent fluctuation in Pakistan’s gold market, where last month, gold reached an all-time high of Rs277,000 per tola due to global market instability.
As consumers brace for the impact of rising gold prices, market experts suggest that the ongoing volatility in the international economy continues to drive precious metal prices higher.
