The yellow metal's demand for ongoing wedding season apparently pushed the price
Karachi: The gold price jumped Rs2,250 per tola in local bullion markets of the country on Friday.
Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold surged by Rs2,250 per tola and Rs1,929 per 10 grams to settle at Rs155,400 and Rs133,230, respectively.
On the physical side, demand for gold in Pakistan picked up pace this week as the wedding season kicks off.
In the international market, the price of the yellow metal soared by $52 per ounce settling at $1,760.
Gold prices were headed for their best week in more than two years after extending gains on Friday as signs of cooling inflation raised hopes that the Federal Reserve might temper its hawkish policy.
PRA tightens enforcement against fraudulent tax returns, orders data-driven scrutiny
- a day ago
The Pixel 11 Pro is a great phone, no thanks to its flashiest new features
- 10 hours ago
ESPN streaming plans are getting more expensive
- 10 hours ago
Fire at PIMS Nursery leaves 15 newborns dead
- an hour ago
Tesla sunsets its Solar Roof tiles
- 10 hours ago
Trump’s new attempt to seize control of the Federal Reserve, explained
- 8 hours ago
Robotaxis are real now — so is the pushback
- 10 hours ago
The Witcher 4 developers target a 2028 release
- 10 hours ago
Watch Valve set up the Steam Frame in its own leaked videos
- 10 hours ago
The Supreme Court just revived Trump’s attempt to sabotage the 2026 election
- 8 hours ago
Why does it seem like food recalls are out of control this year?
- 10 hours ago
The cat-and-mouse game over 3D-printed guns has begun
- 10 hours ago
