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KARACHI: Gold prices in Pakistan have resumed their upward trajectory, nearing record highs in the local bullion market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold increased by Rs1,600 per tola to reach Rs285,000.
This rate is just Rs400 shy of the all-time high of Rs285,400 per tola recorded last week.
| GOLD PURITY | PER TOLA | PER 10 GRAM |
|---|---|---|
| 24K | Rs. 287,300 | Rs. 246,313 |
| 22K | Rs. 263,426 | Rs. 225,787 |
| 21K | Rs. 251,452 | Rs. 215,524 |
| 20K | Rs. 239,478 | Rs. 205,261 |
| 18K | Rs. 215,530 | Rs. 184,735 |
The price surge is attributed to the rise in international gold rates, which increased by $16 to $2,755 per ounce. In Pakistan, the price of ten grams of gold also saw a significant increase of Rs1,372, reaching Rs244,342. This translates to a gold price of Rs24,434.20 per gram.
Notably, this is the first price hike of the week, following a decrease of Rs900 in the previous trading session on Monday, which had brought the price down to Rs283,400 per tola. Silver prices, however, remained stable at Rs3,350 per tola.
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