Gold prices hit record high in Pakistan after Rs5400 per tola rise – check new rates

Gold prices in Pakistan have reached an all-time high after a sharp increase of Rs5400 per tola, marking the highest level ever recorded in the country. The international market also saw a major jump, with gold prices rising by $54 per ounce.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold has climbed to Rs415,278 per tola, setting a new record.

Meanwhile, the price of 10 grams of 24-karat gold went up by Rs4629, reaching Rs356,033. For 22-karat gold, the price per 10 grams rose by Rs4243 to Rs326,375.

On the global front, gold prices surged to $3940 per ounce, reflecting strong international demand and market uncertainty.

Silver prices also followed the same trend, rising in both local and global markets. In Pakistan, the price of 24-karat silver increased by Rs53 to Rs4949 per tola, while 10 grams of silver went up by Rs45, now priced at Rs4242. Internationally, silver prices rose by $0.53 per ounce to reach $48.50.

Experts say the surge in gold and silver prices is mainly due to global economic uncertainty and investors turning to precious metals as a safe investment option.

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