Gold Prices Surge in Pakistan Amid Global Market Rally

Gold prices in Pakistan witnessed a significant increase on Wednesday, driven by a surge in the global market. The price of gold per tola soared to Rs242,700, marking a daily rise of Rs2,400. Similarly, the 10-gram gold price climbed to Rs208,076 after gaining Rs2,058, according to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The international gold rate, which had experienced a decline the previous day, showed an upward trend. The APGJSA reported an international rate of $2,352 per ounce, with a $20 premium, reflecting a $13 increase during the day.

Silver prices also saw an uptick, reaching Rs2,900 per tola after a Rs100 increase. It is worth noting that just last month, gold had reached a record high of Rs252,200 per tola in the local market.

The recent surge in gold prices in Pakistan, influenced by the global market trends, highlights the volatility of precious metal prices. Investors and consumers alike need to stay informed about these fluctuations to make well-informed decisions regarding their investments and purchases.