Gold prices continue their upward surge, reaching new all-time highs in both international and local markets. The increase is driven by US tariff measures and significant gold purchases by China, further strengthening the precious metal’s value.
The per-tola rate of 24-karat gold rose by Rs1,650 on Wednesday to reach Rs319,000, as per the latest data from the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
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Similarly, the price of 10 grams of 24-karat gold surged by Rs1,415, bringing it to Rs273,491, while 22K gold per 10 grams was recorded at Rs250,700.
On the global front, gold prices also experienced an uptick, climbing $16 to settle at $3,038 per ounce.
Meanwhile, silver prices remained stable at Rs3,555, and 10-gram silver at Rs3,047.