Gold Price in Pakistan Surges to Rs358,100
The gold price surge has been driven by global market trends, with the international price reaching $3,356 per ounce, and it is expected to have a significant impact on the local market, with buyers and investors closely monitoring the prices, as the prices of gold and silver continue to fluctuate.
Gold prices in Pakistan have increased significantly, with 24-karat gold rising by Rs1,100 to Rs358,100 per tola, and 10 grams of gold increasing by Rs944 to Rs307,013, following a surge in global markets where the international price reached $3,356 per ounce.
The increase in gold prices is attributed to the global market trends, where gold prices surged by $11 per ounce. This rise has been reflected in the local gold markets and Sarafa Markets in various cities across Pakistan. The price of silver has also seen an upward trend, with a tola increasing by Rs85 to Rs4,022 and 10 grams rising by Rs73 to Rs3,448.
The international rate of gold has reached $3,356 per ounce, with a premium of $20, while spot silver has reached $38.46 per ounce, its highest level since September 2011. The fluctuations in gold prices in Pakistan are closely tied to the international market trends, and the current rates are provided by local gold markets and Sarafa Markets in various cities.
The increase in gold and silver prices is expected to impact the local market, with buyers and investors closely monitoring the prices. The surge in gold prices has been seen as a significant development, and it remains to be seen how the prices will fluctuate in the coming days.