Gold Price Pakistan Hits Historic Level
Gold Price Pakistan surged to an all time high on Wednesday, crossing the Rs 5 lac mark for the first time in history. The sharp rise followed massive gains in the international gold market.
In the domestic market, gold per tola jumped by Rs 12700 to reach Rs 506362, according to the All Pakistan Gems and Jewellers Sarafa Association.
Gold Price Pakistan Per Tola and Per 10 Grams
Alongside the record per tola rate, Gold Price Pakistan for 10 grams also increased significantly. The price of 10 gram gold rose by Rs 10888 to settle at Rs 434123.
Just a day earlier, gold per tola had closed at Rs 493662 after gaining Rs 4300, making the latest surge one of the strongest single day increases.
Read Also Here: Gold Prices Pakistan Drop After Strong Rally
International Market Pushes Gold Price Pakistan Higher
The sharp rise in Gold Price Pakistan was driven by a strong rally in the global market. International gold prices jumped by $127 to reach $4840 per ounce, including a premium of $20.
Global uncertainty, inflation concerns, and expectations around monetary policy continue to support demand for gold as a safe haven asset.
Silver Prices Also Move Up
Along with Gold Price Pakistan, silver prices also edged higher in the local market. Silver per tola increased by Rs 64 to reach Rs 9933.
Although silver gains were modest compared to gold, prices remain near record levels.
What This Means for Buyers and Investors
The rise in Gold Price Pakistan reflects increasing investor interest in precious metals amid economic uncertainty. While the milestone highlights gold’s strength, experts advise caution due to high volatility and rapid price movements.
External Link: All Pakistan Gems and Jewellers Sarafa Association
Historical Context of Gold Price Pakistan
Historically, Gold Price Pakistan has closely followed international trends, currency movements, and domestic economic conditions. Crossing the Rs 5 lac mark represents a major psychological and financial milestone in Pakistan’s bullion market.
Frequently Asked Questions FAQs
Why did Gold Price Pakistan cross Rs 5 lac
The increase is due to a sharp rise in international gold prices and strong safe haven demand.
What is the current gold price per tola in Pakistan
Gold is currently priced at Rs 506362 per tola.
How much did gold increase in one day
Gold per tola increased by Rs 12700 in a single day.
Did silver prices also increase
Yes silver prices rose to Rs 9933 per tola.
Does international gold price affect Gold Price Pakistan
Yes international prices directly influence local gold rates.
Gold rate updates are published by:
https://www.apgjsa.com
Read More Here:
