Price of yellow metal reaches Rs410,278 per tola
Karachi: Gold prices in Pakistan continued to mount on Wednesday, in line with their increase in the international rates. The price of yellow metal reached Rs410,278 per tola after a single-day rise of Rs3,500.
According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs351,747 after it registered an increase of Rs3,001.
On Tuesday, gold price per tola reached Rs406,778 after a gain of Rs3,178 during the day.
The international rate of gold also increased by $35 to settle at $3,890 per ounce. Internationally, gold prices surged to a record high on Wednesday, driven by investor demand for safe-haven assets after the official start of the US government shutdown and as soft labour data bolstered expectations of Federal Reserve rate cuts.
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