Gold prices surge in Pakistan, up by Rs10,700 per tola

By Commerce Reporter

KARACHI: Gold prices in Pakistan saw a significant increase on Friday, with 24-karat gold rising by Rs10,700 per tola, reaching Rs454,262. The price of 24-karat gold per 10-gram also surged by Rs9,174, settling at Rs389,456, according to data from the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).

In addition, the price of 22-karat gold was quoted higher at Rs357,014 per 10-gram.

Silver prices also saw an upward trend, with 24-karat silver selling at Rs6,684 per tola, reflecting a Rs232 increase. The price of silver per 10-gram rose by Rs199, reaching Rs5,730.

This surge in precious metal prices is likely to impact both local consumers and the jewelry market in Pakistan, where gold remains a popular investment and savings option.