ISLAMABAD: The Gold prices have seen an unprecedented increase on Friday after their prices soared in the international market. Rs 10,000 per tola rally seen in the gold prices.
According to the All Pakistan Sarafa Gems and Jewellers Association, this big increase in gold price after remaining stable for two days has come about due to a $ 53 increase in the price of gold per ounce in the global market. Accordingly, the price of 10 grams of gold has also increased by Rs 10,700 to Rs 454,262.
The surge was equally dramatic for other gold measures. 24-karat gold per 10 grams jumped by Rs. 9,174 to Rs. 389,456, while 22-karat gold per 10 grams soared by Rs. 8,410, reaching Rs. 357,014.
This extraordinary domestic leap was fueled by a monumental rally on the global stage. The international gold price per ounce surged by a staggering $107, breaking past the $4,300 mark to settle at $4,319.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) |
| 24-Karat | 454,262 | 393100 |
| 22-Karat | 415,580 | 4,21580 |
| 21-Karat | 401,175 | — |
Gold prices continue to rise globally, where gold has reached $4,218 per ounce after an increase of $53, which has also had an impact on the local market.
Experts said that due to the rising prices of gold in the global market and the domestic economic situation, investors are more inclined towards gold, due to fluctuations in gold prices are being seen at the local level.
