Gold prices have witnessed a substantial increase in both international and local markets today, with a sharp rise of Rs4,800 per tola in Pakistan.
In the global bullion market, the price of gold per ounce surged by $47, reaching a new high of $2,916. This increase has directly impacted local markets, pushing gold rates to new record levels.
Gold Prices in Pakistan:
- 24-carat gold per tola: Rs306,300 (+Rs4,800)
- Gold per 10 grams: Rs262,602 (+Rs4,115)
Silver Prices Also Increase:
- Silver per tola: Rs3,315 (+Rs48)
- Silver per 10 grams: Rs2,842 (+Rs39)
Pakistan, being a net importer of gold, experiences price fluctuations based on international market trends. Additionally, the rupee-dollar exchange rate plays a crucial role in determining local gold prices.
The All Sindh Saraf Jewellers Association (ASSJA), which sets gold prices in Pakistan six days a week (Monday to Saturday), has confirmed these new rates.
With international gold prices continuing to rise, local markets are expected to remain volatile in the coming days.
