Gold prices surged in local and international markets on Thursday.
In the international bullion market, gold prices rose by $13 to reach $3,343 per ounce, reflecting a notable surge in value. The impact was immediately felt in the local gold markets of Pakistan.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola in local markets increased by Rs 1,335, reaching Rs 356,000.
The price of 10 grams of gold also rose by Rs 1,144, reaching Rs 305,212.
Similarly, the price of silver per tola increased by Rs 86, reaching Rs 3,850, and the price of 10 grams of silver also climbed by Rs 73, reaching Rs 3,300.
On Wednesday, gold prices in the domestic market rose slightly by Rs 300, settling at Rs 354,665 per tola. The price of 10 grams of gold increased by Rs 258, reaching Rs 304,068.
This modest recovery followed a sharp decline on Tuesday, when gold prices had dropped by Rs 3,800 per tola.
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