
Gold prices per tola gains Rs4,000 in Pakistan
As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA),10-gram gold was sold at Rs305,984 after it gained Rs3,430.
On Wednesday, gold price per tola reached Rs352,900 after it gained Rs600 during the day.
The international rate of gold also surged on Thursday. The rate was at $3,375 per ounce (with a premium of $20), an increase of $30, as per APGJSA.
Meanwhile, silver price per tola remained stable at Rs3,745.
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Express Tribune
7 hours ago
- Express Tribune
Gold soars to Rs359,000 per tola amid international spike
Listen to article Gold prices surged on Saturday, both internationally and in the domestic market, as investors flocked to the precious metal amid mounting global economic uncertainties. According to market data, the price of gold in the international bullion market rose by a staggering $61 per ounce, pushing the rate to an unprecedented $3,363 per ounce. The sharp uptrend reflects growing concerns over a weakening US dollar and fears of a potential global economic slowdown. In response to the international spike, domestic gold prices also recorded a significant increase. In Pakistan, the price of gold jumped by Rs6,100 per tola, reaching Rs359,000. Similarly, the rate for 10 grams climbed by Rs5,229 to settle at Rs307,784. On Friday, the per tola price had briefly dipped by Rs100, settling at Rs352,900 before rebounding sharply by the end of the day. Meanwhile, silver prices also posted gains, with the per tola rate rising by Rs53 to close at Rs3,953.


Business Recorder
9 hours ago
- Business Recorder
Gold price per tola gains Rs6,100 in Pakistan
Gold prices in Pakistan increased on Saturday in line with their gain in the international market. In the local market, the gold price per tola reached Rs359,000 after an increase of Rs6,100 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs307,784 after it gained Rs5,229. On Friday, the gold price per tola reached Rs352,900 after a loss of Rs100 during the day. The international rate of gold increased today. As per APGJSA, the rate was at $3,363 per ounce (with a premium of $20), a gain of $61. Meanwhile, the silver price per tola stood at Rs3,953, accumulating Rs53 during the day.


Express Tribune
17 hours ago
- Express Tribune
Govt criticised for water neglect
Listen to article Sindh Chief Minister Syed Murad Ali Shah criticised the federal government on Friday for releasing only Rs3 billion this year out of the Rs78 billion it had committed for the K-IV water project for Karachi. He said the Sindh government had funded all associated components of the project itself. Speaking at the inauguration of the 20th 'My Karachi – Oasis of Harmony' Exhibition at Expo Center, on Friday Shah said four major K-IV sub-projects were ongoing. A Rs50 billion expansion of water feeders would be completed this year. A separate Rs170 billion project is bringing water from Keenjhar Lake to Karachi, with a power plant being installed by STDC to support two pumping stations. The chief minister announced that a new 100 MGD Hub Canal had been completed and would be inaugurated on August 14, while the old canal would be restored to the same capacity. By year-end, Karachi is expected to receive 200 MGD water from Hub Dam. He also highlighted the Dumlottee project for South Karachi and said 150 MGD additional water would be supplied to the city this year. Shah urged the federal government to increase Karachi's water allocation from Hub Dam, especially as availability had improved due to better climatic conditions. Referring to the 2015–16 World Bank gap analysis, he said Karachi needed Rs3 trillion to meet modern urban standards. Large-scale infrastructure, he stressed, could not be handled by the provincial government alone and required federal support. He criticised the Centre for not convening the Council of Common Interests (CCI) for 18 months. He pointed out that although Sindh produces 70% of Pakistan's gas, it is denied its constitutional share. He vowed to raise the issue in the next CCI meeting and reminded that the constitution requires CCI to meet every three months. Shah called on citizens to fulfil legal duties, such as paying taxes and registering vehicles, and not blame law enforcement for governance issues. He reassured the business community of the Sindh government's full support. Chairman BMG Zubair Motiwala thanked the provincial government for supporting KCCI and urged the CM to expedite K-IV to resolve water shortages in Karachi's industrial areas. He highlighted the exhibition's global recognition and urged foreign diplomats to promote Karachi's positive image abroad. KCCI President Jawed Bilwani appreciated the 'Marka-e-Haq' theme for Independence Day and recalled the 2004 origins of the exhibition. He urged the Sindh government to establish a world-class Expo Center and upgrade Karachi's only existing one. Bilwani criticised high water tariffs and the incomplete K-IV project. He expressed concern over persistent gas shortages and deteriorating infrastructure. He called for road repairs, better drainage, encroachment removal, improved traffic, street crime control, and accelerated Safe City Project implementation.