Gold prices set new record high in Pakistan, check latest rates

KARACHI: The per tola price of gold in Pakistan surged to a new all-time high on Tuesday after gaining Rs1,100 per tola. 

According to data issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold (24 carats) rose by Rs.1,100 per tola to Rs273,000, while the price of 10 grams was up by Rs943 to Rs234,053.     

Silver prices remained stable at Rs2,950 per tola.

On Monday, the price of the precious metal in the local market eased by Rs. 600 per tola

The price of gold has been rising consistently in the past few weeks, with gains in the last two weeks currently at over Rs. 10,000 per tola. 

The surge is primarily due to the increase in international prices.

Earlier, it emerged that gold imports have recorded an annual decline of 41.64%, according to official documents. In August, Pakistani importers brought in only 22 kilograms of gold.