Gold prices in Pakistan skyrocketed today, nearing Rs 5 lakh per tola after posting significant gains on Wednesday, mirroring increases in international gold rates.
The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported that the price of one tola surged by Rs 15,300 to reach Rs 494,062. Meanwhile, 10 grams of gold appreciated by Rs 13,117, reaching Rs 423,578.
On Tuesday, gold had already risen to Rs 478,762 per tola after gaining Rs 2,800 during the trading session.
International Gold Rates Influence Local Prices
Global gold prices also saw a sharp rise, increasing by $153 to $4,713 per ounce. An additional premium of $20 was added, contributing to the surge in domestic rates.
Silver prices in Pakistan also experienced gains, rising by Rs 200 to settle at Rs 7,984 per tola.
The sharp increase in precious metal prices reflects growing international demand and market volatility, making gold and silver key investments for traders and investors in Pakistan.
