Gold rate in Pakistan today continued their upward trend on Friday, marking a second consecutive session of increases. The price per tola rose by Rs700 to reach Rs241,700, reflecting a surge in the international gold rate. Similarly, the price for 10 grams of gold increased by Rs600, settling at Rs207,219, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
This rise follows a previous day’s increase of Rs400, when gold prices had reached Rs241,000 per tola locally. The upward movement in Pakistan’s gold prices correlates with an international rate that climbed to $2,326 per ounce (including a $20 premium) on Friday, marking a $22 increase throughout the day, as reported by the APGJSA.
In contrast, silver prices remained stable at Rs2,850 per tola. It’s noteworthy that Pakistan’s gold prices had reached a record high of Rs252,200 per tola back in April. The current fluctuations underscore the influence of global market dynamics on local precious metal prices, impacting both traders and consumers alike in Pakistan’s jewelry and investment sectors.
