Gold prices in Pakistan increased on Thursday, reflecting a rise in international rates. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola reached Rs. 274,700 after a single-day increase of Rs. 1,100. Similarly, the price of 10-gram gold rose by Rs. 943, settling at Rs. 235,511.
This follows a Rs. 1,000 increase in the price of gold per tola on Wednesday, continuing the upward trend in the local market.
The international gold rate also climbed on Thursday, with prices reaching $2,635 per ounce (including a $20 premium), marking an $11 increase during the day. Spot gold rose 0.39% to $2,634.15 per ounce as of 0255 GMT, while US gold futures edged up 0.2% to $2,646.30. The rise comes as traders await clarity on the US Federal Reserve’s interest rate policies and the economic direction under President-elect Donald Trump.
In contrast to gold, silver prices in Pakistan remained unchanged. The price of silver per tola stood steady at Rs. 3,350.
Gold prices in Pakistan experienced significant fluctuations throughout 2024, with a record high of Rs. 287,900 per tola and a low of Rs. 210,800 per tola. The volatility was driven by global economic uncertainty, currency fluctuations, and changes in international gold rates.
