Gold prices in Pakistan saw a significant increase on Wednesday, with the price of 24-karat gold per tola rising by Rs. 4,250 to Rs. 287,450, compared to Rs. 283,200 on the previous trading day, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 10 grams of 24-karat gold also climbed by Rs. 3,642, reaching Rs. 246,440, while 10 grams of 22-karat gold rose to Rs. 225,911.
The current price of 24-karat gold is now just Rs. 450 below its all-time high of Rs. 287,900 per tola, recorded in October last year.
Meanwhile, silver prices also saw an increase. The price of per tola silver rose by Rs. 59.4 to Rs. 3,431, while the price of 10 grams of silver increased by Rs. 51, settling at Rs. 2,941.
In the international market, gold prices surged by $40, reaching $2,751 per ounce, up from $2,711 per ounce. The rise in global gold prices has been attributed to increased safe-haven demand amid economic uncertainty and a softer dollar.
