Gold prices in Pakistan edged higher on Thursday, tracking positive movement in the international bullion market, while silver continued its strong rally by reaching a new record level.
In the domestic market, the price of gold per tola increased by Rs. 2,200 during the day to settle at Rs. 455,762. Likewise, the rate of 10-gram gold rose by Rs. 1,800 to reach Rs. 390,742, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The previous day, Wednesday, gold prices had already shown strong momentum, with per tola rates closing at Rs. 453,562 after gaining Rs. 2,700 in a single session, indicating sustained buying interest.
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Internationally, gold prices also moved upward, gaining $22 to reach $4,334 per ounce, inclusive of a $20 premium, reflecting continued strength in global markets.
Meanwhile, silver extended its record-breaking performance in the local market. The price of silver per tola surged by Rs. 78 to hit a new all-time high of Rs. 6,900, driven by strong demand and ongoing bullish sentiment.
