Gold prices witnessed a significant surge of Rs4,000 per tola on Friday, reaching Rs356,900 in the domestic market due to a rise in international gold rates.
As per the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of gold also climbed by Rs3,430, closing at Rs305,984. The sharp increase in local prices was influenced by a $30 hike in global gold prices, which reached $3,375 per ounce. In Pakistan, gold rates usually include a $20 premium over international prices to account for local market factors.
Read more: Gold Prices Hits Record High Amid Israel-Iran Tensions
City-wise, the gold price remained consistent across major cities like Karachi, Lahore, Islamabad, Peshawar, and Quetta, with all quoting Rs356,900 per tola. Silver rates, however, stayed stable at Rs3,745 per tola and Rs3,210 per 10 grams.
Here are the latest rates:
Gold Prices:
- Per Tola:
- 22K Gold: Rs327,591.67
- 18K Gold: Rs267,875.00
- Per 10 Grams:
- 22K Gold: Rs280,290.83
- 18K Gold: Rs230,692.50
- Per Gram:
- 22K Gold: Rs28,290.08
- 18K Gold: Rs23,692.25
- Per Ounce:
- 22K Gold: Rs788,757.75
- 18K Gold: Rs645,347.25
Silver Prices (unchanged):
- Per Tola: Rs3,745
- Per 10 Grams: Rs3,210
