Gold prices in Pakistan increased on Friday, reflecting a similar upward trend in the international markets.
The price per tola (approximately 11.66 grammes) of gold reached Rs245,000, marking a single-day increase of Rs2,500. This comes after a modest gain of Rs500 on Thursday.
The rates for 10 grammes of gold also saw a significant uptick, reaching Rs210,048 following a rise of Rs2,143, as reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).
This surge in local prices corresponds with a jump in international gold prices, which rose by $21 per ounce to settle at $2,343 (including a premium of $20) on Friday.
Despite these increases in gold prices, silver rates remained unchanged, with the price per tola staying steady at Rs2,650.
The recent volatility in gold prices underscores the impact of international market trends on the local Pakistani market.
Last week, the price of gold reached an all-time high in Pakistan, with a tola selling for Rs252,200.
The fluctuations in precious metal prices are closely monitored by investors and consumers alike, as they reflect broader economic trends and market sentiments.
For gold traders and investors in Pakistan, these price shifts suggest a continuing trend of fluctuation, likely influenced by global economic factors and investor demand.
The APGJSA will continue to provide updates on market trends and price changes as they occur.
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