KARACHI: In a historic milestone, domestic gold rates in Pakistan have surged past the Rs400,000 mark per tola for the very first time, according to the All Pakistan Sarafa Gems and Jewellers Association.
The price of 24-karat gold has skyrocketed by Rs5,900 per tola, now standing at Rs403,600, a significant jump from Rs397,700 just the day before. The jump in the price of 10 grams of 24-karat gold reflects this trend as well, rising by Rs5,059 to reach Rs346,022, up from Rs340,963.
Internationally, gold is following suit with a substantial rise of $59, now valued at $3,818 per ounce compared to $3,759.
Silver is also experiencing an upward trend, with domestic prices climbing by Rs88 to Rs4,792 per tola, and an increase of Rs76 to Rs4,108 for 10 grams. Globally, silver prices have also seen a boost, rising by $0.88 to reach $46.93, up from $46.05, as reported by the association.
This surge in gold and silver prices not only reflects market dynamics but also offers a compelling opportunity for investors and savers alike to consider the enduring value of precious metals in their portfolios.
