Gold prices in Pakistan hit a new record high on Thursday, even as global rates saw a decline. The price of gold per tola increased by Rs800, bringing it to a new high of Rs261,800 in the local market. Similarly, the price for 10 grams of gold went up by Rs686, reaching a total of Rs224,451.
This latest update from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) shows that local gold prices are continuing to rise, despite the downturn in international markets.
The steady increase in gold prices within Pakistan reflects strong local demand for the precious metal, as well as various economic factors influencing its value.
This trend indicates that, despite global fluctuations, the domestic market for gold remains robust, with prices pushing higher as people continue to invest in and purchase gold.
The rising gold prices highlight how economic conditions and consumer behavior within the country can drive the value of gold upward, even when international rates are moving in the opposite direction.
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