The gold price in Pakistan continued its upward trend and surged to a level never seen in the history of Pakistan.
All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), which releases gold rates in the local market on a daily basis, reported that the price of 24-karat gold was seen at a new record high of Rs280,900 per tola.
As per the APGJSA, the gold price recorded a massive increase of Rs3,000 per tola during the day and rose to its all-time high level.
Interestingly, this is the third straight record high price recorded for gold within this week.
The last record high price of 24-karat gold was recorded on Thursday when the association quoted the precious metal’s rate at Rs277,900, which was the then-record high.
The previous record high, before today’s peak, was seen after the yellow metal witnessed a single-day surge of Rs700 in its earlier price of Rs277,200 per tola, recorded on Wednesday.
The price for ten-gramme gold also spiked and was recorded at Rs240,826 after an increase of Rs2,572.
Finally, silver prices also rose in the local market on Friday as the per tola rate jumped by Rs50 to Rs3,100 per tola.
Today’s surge comes after the gold price saw an unexpectedly big increase of $30 in the international market, clocking in at $2,712 per ounce. This price is inclusive of a premium of $20.
