The winning streak for bullion extended for the eighth consecutive day on Friday, with the price of gold in Pakistan surging to Rs. 228,600 per tola.
Data released by the Karachi Sarafa Association indicates that the price of gold (24 carats) rose by Rs. 450 per tola to reach Rs. 228,600, while the price of 10 grams increased by Rs. 386 to Rs. 195,988.
Also Read: Gold Price in Pakistan Rises Third Time This Week
In the local market, the price of gold has seen a significant rise of Rs. 13,800 per tola since last Wednesday. During the current week alone, gold has gained Rs. 8,300 per tola.
Meanwhile, in the international market, gold prices experienced their most substantial weekly increase in five months. Spot gold was priced at $2,157.32 per ounce as of 0601 GMT, while US gold futures stood at $2,164.60.
