Islamabad, Feb 18: Gold prices in Pakistan have recently reached a record high, with the cost of 24-carat gold per tola climbing to Rs 304,200. This marks an increase of Rs 1,000 in just one day, reflecting a growing trend in the market. Experts attribute this surge to a variety of global economic factors, including rising inflation and changes in international markets.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-carat gold has seen a significant jump of Rs 1,000 per tola, while the price of 10 grams of 24-carat gold has risen by Rs 857, now priced at Rs 260,802. Similarly, the price of 22-carat gold also experienced a notable increase, reaching Rs 239,077 per 10 grams, up by Rs 794.
The global market has also been seeing a similar pattern, with the price of gold per ounce rising to $2,910, a $10 increase. This international price rise has had a direct impact on the local market, with gold prices in Pakistan closely mirroring global trends.
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While gold prices have been on the rise, silver prices have remained relatively stable. The price of 24-carat silver per tola is holding steady at Rs 3,350, while the price for 10 grams of silver remains at Rs 2,872.
This consistent surge in gold prices can be attributed to various global financial conditions, and as the situation evolves, many expect further fluctuations in the market. Keeping an eye on these global shifts will be essential for consumers and investors looking to make informed decisions about their purchases.
