Local gold prices hit fresh highs as international bullion strengthens and rupee volatility persists in the interbank market.
Gold prices in Pakistan surged on Wednesday, with the All Pakistan Sarafa Gems and Jewellers Association fixing 24-karat gold at Rs516,062 per tola, up Rs1,300 from the previous session. The association also raised the price of 10 grams of 24-karat gold to Rs442,439, reflecting a gain of Rs1,114.Local Gold Rate Falls Amid Global Losses
The rate for 10 grams of 22-karat gold climbed to Rs405,583, marking an increase of Rs1,021, according to figures released by the association. International gold prices rose to $4,933 per ounce, up $13 during the day, providing support to domestic bullion markets.
Silver prices also moved higher in the local market. The price of 24-karat silver per tola increased by Rs32 to Rs8,046. The rate for 10 grams of silver rose by Rs28 to Rs6,898. In the international market, silver was quoted at $75.62 per ounce, gaining $0.32.
The All Pakistan Sarafa Gems and Jewellers Association said local rates were calculated on the basis of interbank exchange rates. Movements in the rupee-dollar parity often amplify global price trends in Pakistan’s bullion market, where imported gold dominates supply channels.
Gold Rate in Pakistan Today
