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KARACHI: Gold prices in Pakistan continued their relentless climb, mirroring global market trends, despite initial expectations of a decline. On the fourth consecutive trading day, gold rates remained unstoppable, with the price of one tola surging by Rs1,500 to a record high of Rs277,000.
Similarly, the price of 10 grams of gold increased by Rs1,285 to Rs237,482. This upward trend is attributed to global factors, including heightened geopolitical tensions in the Middle East, recent interest rate cuts by the US Federal Reserve, and growing demand in major markets worldwide.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), international gold prices also climbed, reaching $2,665 per ounce with a $20 premium, marking a $12 increase.
Meanwhile, silver prices remained steady at Rs3,050 per tola. This price hike follows Tuesday’s record high of Rs275,500 per tola, which saw a Rs2,500 increase, signaling a continued upward trajectory for gold prices in Pakistan.
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