Gold price in Pakistan unexpectedly surged by Rs2,200 per tola to its new record high following an increase in the international bullion rates.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), after the big rise seen in yellow metal’s rate in local market, the price of 24 karat gold was recorded at a new all-time high of Rs277,200 per tola on Wednesday.
The latest rate is Rs200 per tola higher than the last record high observed in the month of September 2024.
APGJSA said that the price of 10-gramme gold also increased by Rs1,886 to Rs237,654.
In the last trading session, the precious metal’s price was recorded Rs700 per tola higher than Monday’s, clocking in at 275,000 per tola.
Read more: Exchange rates: PKR drops over two paisa against US dollar
On the international front, gold rate surged by $22 per ounce, as the APGJSA quoted the new rate at $2,675. This price also includes a premium of $20 per ounce.
Silver prices in Pakistan witnessed no change and stayed at Rs3,050 per tola.
