Gold price per tola sets another record high in Pakistan

Gold prices in Pakistan set another record high on Thursday. In the local market, gold price per tola reached Rs572,862 after a gain of Rs21,200 during the day.

Similarly, 10-gram gold was sold at Rs491,136 after it increased by Rs18,175, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Wednesday, gold price per tola reached Rs551,662 after a gain of Rs21,100 during the day.

The international rate of gold was up by $212 to reach $5,505 per ounce (with a premium of $20).

Meanwhile, the price of silver increased by Rs264 to reach Rs12,175 per tola.

Additionally, international spot gold extended its blistering rally on Thursday to hit a record high just shy of $5,600 an ounce, as investors sought safety amid geopolitical and economic uncertainties, while silver came within a whisker of breaching the $120 mark.

Spot gold shot up 2.7% to $5,542.29 an ounce by 0149 GMT, after hitting a record $5,591.61 earlier in the day.