The bullion market in Pakistan witnessed an extraordinary surge on Tuesday, with gold prices skyrocketing by Rs. 8,500 per tola in a single day, decisively breaking the psychological barrier of Rs. 470,000.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola exploded by Rs. 8,500, closing at a staggering new high of Rs. 470,862.
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In a similar dramatic ascent, 24-karat gold per 10 grams soared by Rs. 7,288 to Rs. 403,688, while 22-karat gold per 10 grams leaped by Rs. 6,681, reaching Rs. 370,060.
The monumental domestic rally was driven by a powerful surge on the global stage. The international gold price per ounce catapulted by $85, smashing through the $4,400 level to settle at $4,485.
Gold Rate in Pakistan – Gold Price Today Live Updates
In a stark contrast, the silver market paused its rally. Domestic prices for silver per tola (24Kt) and silver per 10 grams remained unchanged at Rs. 7,205 and Rs. 6,177, respectively. Internationally, the silver price per ounce also held steady at $69.30.
The Association confirmed that local rates are calculated based on interbank exchange rates, reflecting the intense volatility in global markets.
