Gold prices have surged to record highs in both international and local markets, driven by global economic factors and increased demand from China.
The per-tola rate of 24-karat gold rose by Rs2,550 on Tuesday to reach Rs317,350, as per the latest data from the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
Similarly, the price of 10 grams of 24-karat gold surged by Rs2,186, bringing it to Rs272,076, while 22K gold per 10 grams was recorded at Rs249,412.
On the global front, gold prices also experienced an uptick, climbing $25 to settle at $3,022 per ounce.
Meanwhile, silver prices also hiked, with 24K silver per-tola priced at Rs3,555, and 10-gram silver at Rs3,047.
Gold rates in Pakistan are influenced by fluctuations in the international market, coupled with currency exchange rate variations and investor sentiment.
