Gold Price In Pakistan Increases By Rs1,300 Per Tola
Gold experienced a surge in the domestic market of Pakistan on Thursday, aligning with the upward trend in the international market. According to data provided by the All Pakistan Gems and Jewellers Association, the per tola gold price witnessed a notable increase of Rs1,300, settling at Rs215,000. Simultaneously, the price of 10 grams of gold rose by Rs1,115, reaching Rs184,328.
In the global market, the precious metal exhibited a positive trend, with its price rising by $13 to settle at $2,045 per ounce.
Notably, in the preceding day, the per tola gold price had experienced a decline of Rs3,600, settling at Rs213,700. Similarly, the price of 10 grams of gold had decreased by Rs3,087, closing at Rs168,213 in the local market.
Concurrently, silver also observed an increase in its value, with a rise of Rs50 per tola, bringing the new price to Rs2,600 on Thursday. The price of 10 grams of silver saw an uptick of Rs42.86, concluding at Rs2,229.08.
These fluctuations in gold and silver prices can be attributed to various factors, including changes in international market dynamics, currency values, and geopolitical developments. Investors and consumers closely monitor such trends to make informed decisions regarding their investment and purchasing strategies in precious metals. The continuous updates on gold and silver prices provide valuable insights for individuals and businesses engaged in the jewelry and commodities markets.