Gold scales new all-time high in Pakistan

Gold prices in Pakistan continued their record-breaking streak on Friday, reflecting a surge in international rates.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs2,200, reaching an all-time high of Rs306,200. Similarly, the price of 10-gram gold rose by Rs1,886 to settle at Rs262,517.

On the global front, gold prices remained steady, marking a seventh consecutive weekly gain.

Read more: Gold hits new high

The increase was attributed to concerns over a potential global trade war following statements from US President Donald Trump about imposing reciprocal tariffs on countries taxing US imports.

Internationally, gold prices also hit a record high, with APGJSA reporting the rate at $2,933 per ounce (including a $20 premium), up by $20 during the day.

Meanwhile, silver prices in the local market also saw an upward trend, increasing by Rs83 to reach Rs3,450 per tola.

A day earlier, on Thursday, gold per tola in Pakistan had surged by Rs2,500, reaching a then-record high of Rs304,000.