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Gold prices hit record-high in Pakistan

19 October, 2024 15:58

The gold prices per tola witnessed another massive leap as it surged to a record high of Rs281,800 after witnessing Rs900 increase on Saturday.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the 10 grams of gold price also rose by Rs772, settling at Rs241,598.

In the international market, the precious metal reached $2,721 per ounce, accompanied by a premium of $20—an increase of $9 within the day.

The surge in gold prices has been attributed to various factors, including escalating tensions in the Middle East, uncertainties surrounding the upcoming U.S. elections, and a shift towards more relaxed monetary policies.

In tandem with gold, silver prices also experienced a rise, gaining Rs50 to reach Rs3,150 per tola.

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