Gold prices per tola jump Rs13,700 in Pakistan - Check new rates
The sharp increase has pushed local gold rates to a new level. The latest rates were shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The increase came after gold prices gained strongly in the international market.
10-gram gold also becomes costlier
The price of 10-gram gold increased by Rs11,746 during the day. It reached Rs404,609 in the local market following the latest rise.
The move came after a significant increase in international gold prices. Investors and traders are closely watching the global market as prices continue to remain volatile.
Gold rises after previous decline
The latest increase came a day after gold prices had moved lower in Pakistan. Gold price per tola had fallen by Rs3,700 to Rs458,236 during the previous session.
The sharp reversal shows how quickly gold rates can change. Local prices are influenced heavily by movements in international gold prices and other market factors.
International gold reaches $4,495
International gold prices increased by $137, reaching $4,495 per ounce. The reported international rate included a premium of $20.
The strong global increase was reflected in Pakistan’s local market. The latest movement has therefore added significant value to gold within a single trading session.
Silver prices also increase
Silver also became more expensive in the local market. Its price increased by Rs369, reaching Rs7,169 per tola.
The rise in silver came alongside the strong movement in gold prices. Precious metals continue to attract attention as international markets remain uncertain.
The sharp rise in gold prices shows how quickly precious metal rates can change. A major increase in international prices can have a direct impact on local buyers.
For people planning to buy gold, the latest jump means the cost has become significantly higher. Future prices will depend largely on international market movements and other local pricing factors.
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