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HomeFinanceGold prices in Pakistan has risen by Rs1,800 per tola

Gold prices in Pakistan has risen by Rs1,800 per tola

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In a significant update on Friday, gold prices in Pakistan experienced a notable surge, echoing the uptick observed in the global market.

The current value of the precious metal stands at Rs219,800 per tola, marking a substantial increase of Rs1,800. According to the latest data released by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price for 10 grams of gold is now Rs188,443, reflecting a significant uptrend with an increase of Rs1,543.

Read More: 9th consecutive gain: PKR closes at Rs282.53 against US dollar

This surge follows a Rs500 per tola decrease in gold prices recorded on Thursday. Globally, the international gold rate reached $2,074 per ounce on Friday, holding a $20 premium after a $19 surge in the global market, as per APGJSA reports.

These fluctuations highlight the dynamic nature of the precious metal’s value on the global stage.

In contrast, silver rates remained steadfastly stable at Rs2,650 per tola, maintaining their position amidst the movements in the precious metals market.

Read More: PSX ends the week 1.58% lower, shedding 988 points

This shift adds complexity to the dynamics of both local and global markets, presenting challenges and opportunities for investors and traders.

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