Major Surge Recorded in Gold and Silver Prices Across Pakistan; Per Tola Gold Surges by Rs 9,600 to Reach Rs 435,636 While Global Bullion Crosses $4,131 Per Ounce
ISLAMABAD : The precious metal markets across Pakistan saw massive upward revision with considerable increase in the value of gold and silver both at domestic and international markets.
The price of 24K gold per tola touched a new high of Rs 435,636, up by Rs 9,600, from the previous day, according to the All Pakistan Gems and Jewelers Association.
Key Highlights of the Gold and Silver Price Hike
Significant Gains Across Karats: The price of 10 grams of 24-karat gold jumped by Rs 8,230 to settle at Rs 373,487, while 10 grams of 22-karat gold increased by Rs 7,544 to reach Rs 342,375.
International markets: Gold prices jumped $96 to reach a new record of $4,131 an ounce in international markets.
Silver prices also rose: Per tola silver rose by Rs 100 to Rs 5,763 while 10 grams of silver went up by Rs 85 to Rs 4,940. Internationally, silver rose by $1 to $52.85 an ounce globally.
Domestic gold pricing is done and determined on the basis of interbank exchange rates prevailing at the time of fixing the gold price, the association clarified.