Gold prices in Pakistan kept rising on Friday, following the global trend. The All-Pakistan Gems and Jewellers Sarafa Association reported that the price of gold per tola went up by Rs 2,400, bringing it to Rs 257,300. This increase shows the strong demand for gold in the market, both locally and internationally.
For 10 grams of gold, the price also increased by Rs 2,057, reaching Rs 220,593. This steady rise in gold prices makes it more valuable, attracting attention from both buyers and investors. The changes in gold prices are often linked to global economic conditions, currency fluctuations, and political events.
On the international level, gold prices also saw a significant rise. The price of gold reached $2,458 per ounce, with a gain of $26 during the day. This increase includes a premium of $20, which highlights the growing demand for gold worldwide. People often invest in gold when they are uncertain about the economy, which drives up its price.
In contrast, silver prices in Pakistan remained stable. The price of silver stayed at Rs 2,900 per tola, with no change from previous rates. Unlike gold, silver has not seen much fluctuation in price recently.
The rising gold prices have important effects on different sectors in Pakistan, including jewelry making, retail, and investment.
