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Significant Surge in Gold Prices by Rs2,300

  1. Significant Surge in Gold Prices by Rs2,300

Gold Market Reflects International Trends with Sharp Price Increase

By News Desk

On Monday, gold prices in Pakistan saw a substantial rise, mirroring the upward trend in the international market. The price per tola of gold surged by Rs2,300, reaching Rs250,400.

Price Increase Details

For a 10-gram portion, gold prices increased by Rs1,972, bringing the new rate to Rs214,678, according to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

International Market Influence

This rise in domestic gold prices corresponds with global trends, where the price of gold climbed to $2,439 per ounce, including a $20 premium, following a $25 increase on the same day.

Silver Prices Remain Stable

In contrast, silver prices in Pakistan remained unchanged, holding steady at Rs2,850 per tola.

Historical Context and Recent Trends

Last month, gold prices in Pakistan reached an all-time high of Rs252,200 per tola. Additionally, just the previous Saturday, gold prices rose by Rs3,100 per tola, highlighting a persistent upward trend in the value of the precious metal in the local market.

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