According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola increased to Rs426,036, while the price of 10 grams of gold rose by Rs11,917 to Rs365,257.
The sharp increase comes as gold prices also surged in the international market, reflecting changing market conditions and developments in the global economy.
Gold Prices in the International Market
In the international market, gold prices increased by $139 per ounce to reach $4,035.
The rise in international gold prices has contributed to the increase in gold rates in Pakistan, where domestic prices are influenced by global market trends.
Previous Gold Rates in Pakistan
According to the association, gold prices in Pakistan had remained unchanged at Rs412,136 per tola on Wednesday.
The latest increase of Rs13,900 has pushed gold prices significantly higher, bringing the per-tola rate to Rs426,036.
Gold prices in Pakistan are generally influenced by international bullion rates, currency exchange fluctuations and local market conditions.
Consumers and investors closely monitor daily gold prices in Pakistan to assess market trends and make purchasing decisions.
The latest surge highlights the continued volatility in domestic and international gold markets.
