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KARACHI: Gold prices in Pakistan surged to an all-time high on Saturday after they saw a whooping increase in the domestic market.
Data shared by All Pakistan Gems and Jewellers Association showed that the tola price of 24-karat gold increased by Rs4,900 to close at Rs245,100.
Similarly, the price of 10-gram gold surged by Rs4,200 to settle at Rs210,134.
In the international market, the precious commodity also saw a massive increase in its price as the per-ounce rate went up by $44 to reach $2,350.
A day earlier, per tola gold price declined by Rs900 to close at Rs240,200. Similarly, the price of 10 grams dropped by Rs772 to settle at Rs205,932 in the local market.
Gold prices in Pakistan are influenced by fluctuations in the global market’s yellow metal rates. Additionally, the exchange rate between the US dollar and the Pakistani rupee plays a significant role in determining gold prices within the country
