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Gold prices in Pakistan surged again on Thursday, continuing the upward trend following an increase in international market rates.
The price of gold per tola rose by Rs2,300, reaching Rs282,800, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This marks the fourth consecutive day of price hikes, following a previous increase of Rs3,100 per tola on Wednesday.
In addition, the price of 10-gram gold also saw a notable rise, increasing by Rs1,971 to reach Rs242,455. Meanwhile, silver rates in the local market remained stable at Rs3,450 per tola.
On the global front, the price of gold climbed to $2,716 per ounce, including a $20 premium, after gaining $23 during the day. The surge in international prices has contributed to the rising gold prices in Pakistan.
This increase continues a series of fluctuations seen in the first half of December 2024. On December 1, the price was Rs276,200 per tola, before seeing a series of ups and downs, with the latest surge marking a significant high for the month.
The recent price hikes have sparked increased interest in the precious metal, as gold remains a popular investment option amid global financial uncertainties.
