After a Big Drop Yesterday, Gold Price Rises Rapidly Again

Gold prices in Pakistan rose on Friday, following an uptrend in the international market.

Data from the All-Pakistan Gems and Jewellers Sarafa Association showed the local price per tola increased by Rs. 2,500 to Rs. 386,500, while the 10-gram rate climbed Rs. 2,143 to Rs. 331,361.

The association reported that international gold prices also advanced, reaching $3,645 per ounce with a $20 premium, up $27 from the prior session.

Silver prices in the local market gained Rs. 130, taking the per tola rate to Rs. 4,456.

On Thursday, domestic gold prices had dropped by Rs. 4,100 per tola to Rs. 384,000.

Globally, spot gold rose 0.5% to $3,651.92 per ounce.


Continue Reading