Pakistan Gold Price: Historic Rs. 5 Lac Milestone Achieved
The Pakistan Gold Price has, for the first time ever, surpassed the significant Rs. 5 lac mark, reflecting substantial gains in the global market. This unprecedented surge signals a new chapter for precious metals within the nation, drawing considerable interest from both investors and the general public.
Unprecedented Gains in the Local Market
Locally, the price of gold per tola soared to Rs. 506,362, representing a remarkable daily increase of Rs. 12,700. This highlights the rapid appreciation in value. Furthermore, 10-gram gold also experienced a notable jump, reaching Rs. 434,123, an increase of Rs. 10,888. These figures, officially released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), indicate a robust bullish trend. Interestingly, on the preceding Tuesday, gold per tola had closed at Rs. 493,662, demonstrating a gain of Rs. 4,300 in a single session.
Global Market Dynamics Drive Local Surge
The significant rise in Pakistan’s gold prices directly correlates with strong activity in the international market. Globally, gold prices escalated by an impressive $127, reaching $4,840 per ounce. This international valuation includes a $20 premium, underscoring robust worldwide demand.
Silver Prices Also See Upward Trend
In addition to gold, silver prices also experienced an upward adjustment. Silver increased by Rs. 64, settling at Rs. 9,933 per tola. This indicates a broader positive sentiment across the precious metals sector within Pakistan.
