Gold Prices Surge by Rs 1,500 Per Tola

Gold prices in Pakistan surged significantly on Wednesday, aligning with the global uptrend observed in the precious metals market.

The price of gold reached Rs225,400 per tola, marking a notable increase of Rs1,500 within the day. Meanwhile, the 10-gram gold price settled at Rs193,244, reflecting a rise of Rs1,286, according to the latest figures released by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

This surge follows Tuesday’s escalation, where gold prices rose by Rs2,700 per tola. Internationally, gold maintained its resilience, commanding a premium of $20. The global gold rate stood at $2,148 per ounce on Wednesday, indicating a $13 increase in the international market, as reported by APGJSA.

In contrast, silver rates remained steady at Rs2,600 per tola, holding firm amidst the fluctuating trends in the precious metals market.