In a notable turn of events this Friday, gold prices in Pakistan experienced a substantial surge, aligning with the upward trend observed in the global market.
The current valuation of the precious metal stands at Rs219,800 per tola, indicating a significant increase of Rs1,800.
According to the latest data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the 10-gram gold is now trading at Rs188,443, showcasing a noteworthy uptrend with a rise of Rs1,543.
This follows a Rs500 per tola decrease in gold prices noted on Thursday.
As reported by APGJSA, the international gold rate, with a $20 premium, reached $2,074 per ounce on Friday, witnessing a $19 surge in the global market.
These fluctuations underscore the dynamic nature of the precious metal’s value on the world stage.
Contrastingly, silver rates remained resiliently stable at Rs2,650 per tola, maintaining their position amidst the shifts in the precious metals market.
This development adds an extra layer of complexity to the dynamics of both local and global markets, presenting challenges and opportunities for investors and traders alike.
