24-karat gold price hits fresh record high in Pakistani market

After increasing in the international markets, gold prices climbed in Pakistan and were seen at their highest-ever level on Thursday.

The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), which shares gold rates on a daily basis, reported that the price for 24-karat gold recorded a single-day surge of Rs900 per tola, which pushed the precious metal’s rate to a new all-time high of Rs277,900 per tola in Pakistani gold markets.

The previous all-time high was recorded on Wednesday, when gold’s price in Pakistan was recorded at a then-high of Rs277,200 per tola, after witnessing a massive single-day increase of Rs2,200 per tola.

It is worth adding here that the latest surge follows a notable increase in the price of gold in international markets. According to the APGJSA, the price for one ounce of gold was recorded at $2,682. This price also includes a premium of $20.

The total surge the yellow metal witnessed in the global market was $7 per ounce.

Despite gold surging to its highest-ever level in the history of Pakistan, silver prices remained unchanged and were recorded at Rs3,050 per tola.