The price of gold in Pakistan reached an unprecedented peak, hitting Rs. 241,100 per tola on Thursday, as per data from the Karachi Sarafa Association. This surge amounted to an increase of Rs. 2,200 per tola for 24-carat gold, while the price for 10 grams rose by Rs. 1,886, reaching Rs. 206,704.
Last year in May, the previous all-time high of Rs. 240,000 per tola was recorded, but it saw a decline below Rs. 200,000 per tola in October. March witnessed a significant increase of Rs. 19,100 per tola, and the upward trend continued into April, setting a new record high.
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Internationally, gold prices also soared to a new pinnacle, surpassing the $2,300 per ounce threshold. Spot gold experienced a slight drop of 0.3 percent, resting at $2,291.65 per ounce, after reaching an all-time high of $2,304.09 earlier in the day. Similarly, US gold futures decreased by 0.2 percent to $2,311.20.
