Gold prices in Pakistan surged to an all-time high on Friday, reaching Rs289,600 per tola after a sharp increase of Rs2,900 in the local market. This marks a new record, surpassing the previous peak of Rs287,900 per tola set in October last year.
Similarly, the price of 10-gram gold rose by Rs2,486, settling at Rs248,285, according to figures released by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
This increase follows a decline on Thursday, when gold prices dropped by Rs750, closing at Rs286,700 per tola.
On the global front, gold prices also climbed on Friday. According to the APGJSA, the international rate stood at $2,772 per ounce (including a $20 premium), marking a $29 increase during the day.
Silver prices also saw a notable rise, gaining Rs31 to reach Rs3,432 per tola.
