Gold price per tola hits record-high in Pakistan
- Reaches Rs551,662 after a record gain of Rs21,100 during the day
Gold prices in Pakistan hit a record high in Pakistan on Wednesday. In the local market, gold price per tola reached Rs551,662 after a gain of Rs21,100 during the day.
Similarly, 10-gram gold was sold at Rs472,961 after it increased by Rs18,090, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Tuesday, gold price per tola reached Rs530,562 after a decline of Rs1,500 during the day.
The international rate of gold was up by $211 to reach $5,293 per ounce (with a premium of $20).
Meanwhile, the price of silver increased by Rs271 to reach Rs11,911 per tola, a new all-time high.
Moreover, international gold broke through $5,200 for the first time on Wednesday, ahead of a US Federal Reserve monetary policy decision.
Spot gold rose 0.6% to $5,219.97 per ounce, as of 0153 GMT, after scaling a record high of $5,224.95 earlier, up more than 20% since the start of the year.
US gold futures for February delivery surged 2.6% to $5,216.80 per ounce.
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