Gold price in Pakistan reaches historic high after Rs2,900 increase

KARACHI: The price of gold in Pakistan reached a historic high on Friday, with 24-karat gold being sold at Rs265,900 per tola, marking an increase of Rs2,900.

According to the latest data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10 grams of gold also increased by Rs2,486, reaching Rs227,966.

Despite a decline in the previous session, gold prices in Pakistan increased on Friday due to a rise in international market rates.

Similarly, the price of silver also increased, with the price per tola increasing by Rs50 to reach Rs2,950.

Read more: Weekly exchange rate summary: PKR fluctuates modestly

In August, the price of gold per tola in Pakistan reached a peak of Rs263,700, while September 11, it hit a new high of Rs264,000.