Gold price increases by Rs2,900 per tola to new record

On Wednesday, gold price rose by a massive Rs2,900 per tola in the local market, reaching Rs287,900.

The latest rate marks the highest gold price ever recorded in the history of Pakistan.

Today’s gold price is also Rs2,500 higher than the previous record high, which was observed last week when the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) quoted gold at Rs285,400 per tola.

Additionally, the price of ten grammes of gold has also risen in the local market, with APGJSA reporting it at Rs246,828 after a single-day jump of Rs2,486. The price of one gramme of gold in the country now stands at Rs24,682.8.

Previously, the rate of one gramme of gold in the local market was Rs22,196.

This increase was not only observed in Pakistan, as international gold prices also saw a rise. The APGJSA reported that on Wednesday October 30 the price of gold rose by $29 internationally, reaching $2,784.

Meanwhile, silver prices in the country remained stable once again, with the price per tola recorded at Rs3,350.