Gold prices hit new record high in Pakistan amid global surge
Gold prices in Pakistan surged to an all-time high on Tuesday, tracking a sharp rise in international rates.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of per tola gold rose by Rs5,900 in a single day, reaching a record Rs363,700.
The price of 10 grams of gold also increased by Rs5,059, settling at Rs311,814.
This follows Monday's sharp rise of Rs8,100 per tola, which had pushed gold prices to Rs357,800 — a then-record level.
In the international market, gold prices also climbed to a new high. As per APGJSA, the global rate reached $3,454 per ounce (including a $20 premium), marking a $59 increase during the day.
In contrast, silver prices in the local market remained unchanged at Rs3,441 per tola.
Meanwhile, Spot gold was up about 1% at $3,457.12 an ounce by 1025 GMT, after earlier rising as far as $3,500.05. US gold futures gained 1.3% to $3,469.50.
Spot silver was steady at $32.68 an ounce, platinum gained 1% to $971.40, and palladium jumped 1.8% to $944.27.
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