Gold prices in Pakistan hit new record highs on Wednesday, with the price of one tola (about 11.66 grams) of gold rising by Rs2,500, reaching an unprecedented Rs275,500. This information comes from the All Pakistan Gems and Jewellers Association, which tracks the prices of precious metals in the country. Similarly, the price for 10 grams of gold saw an increase of Rs2,144, bringing it to Rs236,197.
The rise in gold prices in Pakistan is closely tied to the global market, where the price of gold also saw a significant jump. In the international market, gold prices increased by $25, pushing the price to $2,635 per ounce. This global trend has contributed to the steep rise in local gold prices.
Silver prices also experienced an upward trend in Pakistan. The price of one tola of silver increased by Rs100, bringing it to Rs3,050. Likewise, the price for 10 grams of silver went up by Rs85.74, settling at Rs2,614.88.
These surges in both gold and silver prices reflect broader changes in the international markets for precious metals. Many factors, such as economic uncertainty and shifts in currency values, often drive the demand for these metals, which are seen as safe investment options. As gold and silver prices continue to climb, both investors and consumers in Pakistan are keeping a close watch on these developments.
