Gold prices go up in Pakistan

ISLAMABAD: The gold market in Pakistan is witnessing a notable surge in prices, continuing a trend of volatility that has been gripping the sector in recent days.

On the third day of the business week, the per tola (roughly 11.66 grams) and 10-gram gold prices in the national gold markets experienced an upward trajectory, marking a substantial increase of 172 rupees and 200 rupees, respectively.

US dollar continues to gain ground

This surge in gold prices reflects a degree of economic uncertainty and the global fluctuations impacting the precious metal market.

Following these price adjustments, the per tola price of gold in various major cities of Pakistan, including Karachi, Hyderabad, Multan, Lahore, Peshawar, Rawalpindi, Islamabad, and Quetta, reached a significant high at 214,200 rupees. Meanwhile, the 10-gram gold price also saw a remarkable uptick, now standing at 183,642 rupees.

This surge in gold prices within Pakistan stands in stark contrast to the global gold market, where the precious metal continues to maintain its premium status. Notably, the international market saw no significant fluctuations in gold prices on the particular day in question, with the per ounce gold price remaining stable at 1,988 dollars.