On Thursday, gold prices in Pakistan reached a new high, despite a global decline. The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported a significant local price increase. Specifically, gold prices per tola surged by Rs800, bringing the new rate to Rs261,800.
In addition, the cost of 10 grams of gold increased by Rs686, now priced at Rs224,451. However, silver prices remained stable, holding at Rs2,950 per tola.
The day prior, the gold price had already risen to Rs261,000, reflecting an additional Rs300 gain.
Globally, the yellow metal experienced a decline. The international price for gold settled at $2,504 per ounce, marking an $8 decrease for the day. By 17:45 GMT, spot gold had dropped by 1% to $2,336.76 per ounce, though it had recently reached its highest level since April 22.
In contrast, U.S. gold futures decreased by 1.3%, settling at $2,343. Meanwhile, platinum prices climbed above the crucial $1,000 per ounce threshold, reaching a near one-year high. It was reported to have increased by 0.6%, now standing at $1,000.55 per ounce.
