Gold Rates in Pakistan Surge to Rs338,500 per Tola
The new gold rates are expected to have an impact on the local market, with buyers and sellers adjusting to the increased prices. The surge in gold prices is a result of the global market trends, and it will be interesting to see how the market reacts to this change in the coming days.
Gold prices in Pakistan have experienced a significant increase, with the price of gold rising by Rs2,400 per tola and Rs2,058 per 10 grams, driven by a surge in the global market to over $3,200 per ounce.
The All Pakistan Sarafa Gems and Jewellers Association has announced the new gold rates, which now stand at Rs338,500 per tola and Rs290,209 per 10 grams. This increase is a result of the global market trends, which have seen gold prices soar in recent times. The association obtains its rates from local gold markets and Sarafa Markets in various cities across Pakistan.
In addition to the increase in gold prices, domestic silver prices have also risen, with the international market trading the white metal at over $32 per ounce. This surge in precious metal prices is likely to have an impact on the local market, with buyers and sellers adjusting to the new rates. The fluctuation in gold prices is a common occurrence, with the rates changing frequently based on international market trends.
The increase in gold prices is a significant development, and it will be interesting to see how the market reacts to this change. The All Pakistan Sarafa Gems and Jewellers Association will continue to monitor the global market and adjust the local rates accordingly, providing buyers and sellers with the most up-to-date information on gold rates in Pakistan.