Gold prices in both local and international bullion markets have recorded a significant increase today, bringing gold close to its historic high in Pakistan.
According to the All Pakistan Gems and Jewellers Association, prices continued to rise on the second trading day of the week, reflecting strong bullish momentum in the market.
The report states that the price of 24-karat gold per tola increased by Rs2,800, reaching Rs478,762, marking a notable one-day surge and increasing financial pressure on consumers.
Similarly, the price of 10 grams of gold rose by Rs2,501, reaching Rs410,461, indicating continued upward trends in the market.
In the international market, gold prices increased by $28 per ounce, reaching $4,560 per ounce, showing a strong global trend.
Silver prices also saw an increase, with per tola silver rising by Rs260 to Rs7,784, while 10 grams of silver increased by Rs223 to Rs6,873.
It is worth noting that in the previous trading session, gold prices had surged by Rs3,900 per tola, while in the global market gold rose by $39 per ounce, indicating sustained upward momentum.
