Islamabad: In line with the dominant trend in the last few months, the price of gold in Pakistan surged again on Wednesday.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold rose by Rs100 per tola, settling at an all-time high of Rs170,900. Similarly, the price of gold on a ten-gram basis also rose by Rs86 settling at Rs146,519.
At the same time, silver prices also surged by Rs20 per tola and Rs17.15 per 10 grams to settle at an all-time high of Rs1,990 and Rs1,706.10.
In the last seven sessions, the price of gold surged by Rs7,850 per tola.
It is important to note that Pakistan fulfils its gold demand by importing the precious commodity. Therefore, the rise and fall in the price depend upon many factors, including prices in the international market, the PKR to the USD exchange rate, and the demand and supply in domestic markets.
