The price of gold in Pakistan has seen a substantial increase, following a notable decline. The cost of one tola of gold rose by Rs1,800, closing at Rs222,900, according to data from the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA). This surge comes after the market witnessed a considerable drop of Rs300 per tola on the previous Saturday.
The price of 10 grams of 24-carat gold also experienced an upswing, with an increase of Rs1,542, settling at Rs191,100. However, the price of silver remained steady, with one tola and 10 grams priced at Rs2,650 and Rs2,271.94 respectively.
Interestingly, while the domestic market saw a rise in gold prices, the international market painted a different picture. The price of the precious metal dropped by $11, closing at $1,966 per ounce.
The gold rates in Pakistan are subject to fluctuations in line with the international market, hence the prices are never fixed. The rates provided are sourced from local gold markets and Sarafa Markets across various cities. On Friday, the price of a single tola of 24-karat gold was recorded at Rs 222,700. Similarly, 10 grams of 22k gold were being traded for Rs175,018, while a single tola of 22-karat gold was being sold at Rs204,147.
In terms of city-wise distribution, the gold price stood uniform at Rs222,700 per tola across multiple cities including Lahore, Hyderabad, Nowshehra, Sargodha, Faisalabad, Mirpur, Karachi, Islamabad, Peshawar, Quetta, Sialkot, Attock, Gujranwala, Jehlum, Multan, Bahawalpur, Gujrat, Nawabshah, and Chakwal.
