Gold prices surge by Rs3,200 in Pakistan - Check new prices
Gold has become more expensive in both local and international markets, putting further pressure on buyers and people planning to purchase jewellery.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the latest increase has pushed the price of one tola of gold to Rs432,336.
The price of 10 grams of gold has also gone up by Rs2,744, reaching Rs370,658.
Gold prices rise in local markets
The latest increase marks another change in Pakistan’s gold market, where prices have been moving in response to international market trends.
The per-tola gold rate was previously recorded at Rs429,136 on Saturday, November 7. It has now increased by Rs3,200, making gold more expensive for local consumers.
The rising gold rate is particularly important for people planning weddings, buying jewellery or investing in precious metals.
International gold prices also increase
Meanwhile, international gold prices have also recorded an increase.
According to market figures, the international price of gold rose by $32 per ounce, reaching $4,098.
The increase in global gold prices has also been reflected in Pakistan’s local bullion market.
Gold prices in Pakistan are influenced by international market rates and currency exchange movements. Changes in these factors can affect the prices announced by local jewellers.
With gold prices rising again, buyers will be watching the market closely for further changes in the coming days.