Gold price surges by Rs500 per tola amid global market rally
After experiencing a decline in the previous session, gold prices in Pakistan saw a significant increase on Friday, mirroring the upward trend in international markets.
The local market price for gold per tola rose by Rs500, settling at Rs241,700, according to the latest figures released by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of 10 grammes of gold also climbed, increasing by Rs429 to reach Rs207,219. This comes after a notable drop on Thursday, when the price per tola had decreased by Rs1,500.
On the international front, the gold rate saw an upward adjustment. The APGJSA reported that the international gold price was set at $2,342 per ounce, including a $20 premium, following a $7 increase during the day.
In contrast, silver prices in the local market remained stable, with rates holding steady at Rs2,900 per tola.
Last month, gold prices in Pakistan reached an all-time high of Rs252,200 per tola, reflecting significant volatility in the market.
'%3e%3crect%20y='0.445312'%20width='48'%20height='48'%20rx='24'%20fill='white'%20fill-opacity='0.5'/%3e%3crect%20x='0.5'%20y='0.945312'%20width='47'%20height='47'%20rx='23.5'%20stroke='%23808080'/%3e%3cpath%20d='M34.625%2024.4453L14%2024.4453'%20stroke='%23808080'%20stroke-width='0.920053'/%3e%3cpath%20d='M23.375%2034.4453L13.375%2024.4453L23.375%2014.4453'%20stroke='%23808080'%20stroke-width='0.920053'/%3e%3c/g%3e%3cdefs%3e%3cfilter%20id='filter0_b_489_44344'%20x='-12'%20y='-11.5547'%20width='72'%20height='72'%20filterUnits='userSpaceOnUse'%20color-interpolation-filters='sRGB'%3e%3cfeFlood%20flood-opacity='0'%20result='BackgroundImageFix'/%3e%3cfeGaussianBlur%20in='BackgroundImageFix'%20stdDeviation='6'/%3e%3cfeComposite%20in2='SourceAlpha'%20operator='in'%20result='effect1_backgroundBlur_489_44344'/%3e%3cfeBlend%20mode='normal'%20in='SourceGraphic'%20in2='effect1_backgroundBlur_489_44344'%20result='shape'/%3e%3c/filter%3e%3c/defs%3e%3c/svg%3e)
'%3e%3crect%20y='0.445312'%20width='48'%20height='48'%20rx='24'%20fill='white'%20fill-opacity='0.5'/%3e%3crect%20x='0.5'%20y='0.945312'%20width='47'%20height='47'%20rx='23.5'%20stroke='%23808080'/%3e%3cpath%20d='M13.375%2024.4453L34%2024.4453'%20stroke='%23808080'%20stroke-width='0.920053'/%3e%3cpath%20d='M24.625%2014.4453L34.625%2024.4453L24.625%2034.4453'%20stroke='%23808080'%20stroke-width='0.920053'/%3e%3c/g%3e%3cdefs%3e%3cfilter%20id='filter0_b_489_44344'%20x='-12'%20y='-11.5547'%20width='72'%20height='72'%20filterUnits='userSpaceOnUse'%20color-interpolation-filters='sRGB'%3e%3cfeFlood%20flood-opacity='0'%20result='BackgroundImageFix'/%3e%3cfeGaussianBlur%20in='BackgroundImageFix'%20stdDeviation='6'/%3e%3cfeComposite%20in2='SourceAlpha'%20operator='in'%20result='effect1_backgroundBlur_489_44344'/%3e%3cfeBlend%20mode='normal'%20in='SourceGraphic'%20in2='effect1_backgroundBlur_489_44344'%20result='shape'/%3e%3c/filter%3e%3c/defs%3e%3c/svg%3e)
