ISLAMABAD — Gold prices in Pakistan surged sharply on Wednesday, with the rate of 24-karat gold increasing by Rs15,200 per tola, tracking a strong rise in international markets and pushing local bullion rates higher.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola climbed to Rs479,262, up from Rs464,062 on the previous trading day.
The surge builds on strong gains recorded a day earlier, when gold had risen by Rs16,300 per tola, underscoring ongoing volatility in prices.
Gold rebounds sharply in Pakistan as per tola rate jumps Rs16,300
The price of 10 grams of 24-karat gold rose by Rs13,031 to Rs410,889, while 22-karat gold increased by Rs11,945 to Rs376,661 per 10 grams.
Silver prices also move higher
Silver rates followed the upward trend in the domestic market. Per tola silver increased by Rs370 to Rs7,824, while the price of 10 grams rose by Rs317 to Rs6,707.
Global market drives gains
In the international market, gold prices gained $152 to reach $4,565 per ounce, while silver rose by $3.70 to $73.40 per ounce.
Movements in global bullion markets continue to influence domestic pricing, contributing to notable day-to-day fluctuations in Pakistan’s gold market.
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