Gold prices in Pakistan witnessed a significant surge on Saturday, mirroring the rise in the international market. The price of gold reached Rs220,300 per tola, marking an increase of Rs3,500 during the day. This upward trend follows a previous increase of Rs1,100 per tola the day before.
According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the 10-gram gold was being sold at Rs188,872 after a gain of Rs3,001. The international rate of gold was reported to be $2,103 per ounce with a $20 premium, reflecting a $36 increase in the global market.
In addition to the surge in gold prices, silver rates also experienced an uptick of Rs30 per tola, settling at Rs2,600. This increase in precious metal prices indicates the ongoing volatility in the global market, influenced by factors such as economic uncertainty, geopolitical tensions, and fluctuations in currency values. Investors and traders are closely monitoring these developments to make informed decisions regarding their investment portfolios.
