Gold price in Pakistan climbs to new record high

WEB DESK: Gold prices in Pakistan surged to new record high on Tuesday, following a decline in the previous session, reflecting an uptick in international rates.

In the local market, the price of gold per tola increased by Rs700, setting a new record at Rs260,700, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The price of 10-gramme gold also saw a rise, increasing by Rs600 to reach Rs223,508.

On Monday, the gold price had dipped by Rs200 to Rs260,000 but rebounded strongly the following day.

The international gold rate edged higher on Tuesday, with prices reaching $2,512 per ounce, including a premium of $20, after a $10 increase during the day. Meanwhile, silver prices remained steady at Rs2,950 per tola.

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