Gold prices continue to surge, per tola rate hits Rs237,600

Gold prices in Pakistan saw a sustained uptrend on the first trading day of the month, following a surge in the global market.

The precious metal achieved a fresh record high internationally, reflecting its continued allure among investors.

In Pakistan, the price per tola of gold reached Rs237,600, marking an increase of Rs2,800 throughout the day.

According to data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price for 10 grammes of gold stood at Rs203,704, showing a rise of Rs2,401 compared to previous figures.

Notably, gold prices had remained relatively stable at Rs234,800 per tola just two days prior, underscoring the recent market volatility.

In contrast, silver rates remained steady at Rs2,600 per tola during the same period.

Over the past seven sessions, gold has witnessed a notable increase of Rs9,400 per tola in the local market, reflecting strong investor sentiment and demand.

Meanwhile, in the international arena, gold commanded a premium of $20, reaching an unprecedented high of $2,278 per ounce on Friday.

This marked a $24 increase from previous levels, as highlighted by APGJSA. The surge in global prices further underscores the precious metal’s status as a safe-haven asset amidst economic uncertainties.

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