Gold prices in Pakistan have reached a historic peak as global and local markets witness unprecedented increases. The price of 24-karat gold on Tuesday rose by Rs. 3,178 to an unprecedented Rs. 406,778 per tola as compared to the previous day’s closing of Rs. 403,600.
Figures released by the All Pakistan Sarafa Gems and Jewellers Association showed that the price of 10 grams of 24-karat gold also increased sharply by Rs. 2,725, settling at Rs. 348,746 against Rs. 346,021 a day earlier.
Similarly, the price of 10 grams of 22-karat gold increase to Rs. 319,695 from Rs. 317,197, reflecting an increase of Rs. 2,498.
In the international bullion market, gold was quoted at $3,855 per ounce, higher by $37 from the previous rate of $3,818.
READ MORE: Gold Price in Pakistan Crosses Rs. 400,000 Per Tola After Huge Increase
Silver, however, witnessed a downward trend. The rate of per tola silver declined by Rs. 16 to Rs. 4,776 from Rs. 4,792, while 10 grams silver slipped by Rs. 14 to Rs. 4,094 from Rs. 4,108. International silver also edged down to $46.77 per ounce, losing $0.16 from $46.93.
