Gold prices soar to all-time high of Rs350,000 per tola in Pakistan

Gold prices in Pakistan soared to an all-time high of Rs350,000 per tola on Thursday, breaching the milestone for the first time amid gains in international markets, dealers said.

The price of gold rose by Rs2,000 per tola to reach an all-time high of Rs350,000, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The rate for 10 grams also climbed by Rs1,715 to Rs300,068.

The latest increase follows Wednesday’s sharp rise of Rs8,600, which had pushed the per tola price to Rs348,000, then the highest on record.

In global markets, the price of gold also rose, with the APGJSA reporting an international rate of $3,329 per ounce, including a premium of $20, up by $19 on the day.

Silver prices in the local market also moved higher, gaining Rs59 to settle at Rs3,401 per tola.