Gold Prices Continue Upward Surge in Pakistan, Reach Rs261,000 per Tola

The price of gold in Pakistan saw a further increase for the second day in a row, reflecting a consistent upward trend in the market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold rose by Rs300, setting a new rate of Rs261,000 per tola.

Similarly, the price of 10 grams of 24-karat gold also experienced a rise, increasing by Rs257 to stand at Rs223,765. This persistent increase follows the previous all-time high reported on July 18, after a brief dip due to the Ashura break.

While the local market sees these shifts, international gold prices have remained steady at $2,512 per ounce. The silver rates in Pakistan, however, have held stable at Rs2,950 per tola, offering some consistency amid the fluctuating gold market.

The rising prices of gold in Pakistan could be influenced by various economic factors, including the global economic outlook, inflationary pressures, and currency fluctuations. Investors and consumers alike continue to monitor the situation closely, as gold remains a critical asset in times of economic uncertainty.