Massive surge in gold & silver rates - Here’s what prices hit today
Massive surge in gold and silver rates in Pakistan. File photo
Massive surge in gold and silver rates in Pakistan. File photo
KARACHI (Web Desk): Gold prices surged sharply in the local market on Saturday, with the price of 24-karat gold per tola jumping by Rs3,700 to settle at Rs473,262.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the previous trading session had closed at Rs469,562 per tola.

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Similarly, the price of 10 grams of 24-karat gold rose by Rs3,172 to Rs405,745, while 10 grams of 22-karat gold recorded an increase of Rs2,908, reaching Rs371,946.

On the global front, gold prices climbed by $37 to stand at $4,509 per ounce.

Silver prices also followed an upward trend. The per tola price of silver increased by Rs270 to Rs8,465, while 10 grams rose by Rs232 to Rs7,257. International silver prices advanced by $2.70 to $79.90 per ounce.

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The APSGJA stated that domestic gold prices were determined based on the interbank exchange rate and 999 purity standards.