Gold price in Pakistan today

Gold price in Pakistan

Islamabad: After having a massive fall in prices in the previous session, the gold price in Pakistan rose marginally on Friday.

According to the data released by the All Pakistan Sarafa Gems and Jewellers Association, the price of gold went up by Rs300 per tola on Friday to settle at Rs183,700. Similarly, the price of gold on a ten-gram basis also rose by Rs257 to settle at Rs157,493.

Similarly, the price of per tola silver decreased by Rs30 to Rs2,100, whereas that of 10 grams declined by Rs25.72 to reach Rs1800.41.

The precious metal had started 2023 on a higher note, increasing by nearly Rs5,000 per tola in the first three sessions before coming down massively by Rs5,200 on Thursday.

In 2022, the per tola price of gold gained Rs57,900 or 45.95%, going up from Rs126,000, reaching the all-time high of Rs184,100, and closing the year at Rs183,900.

Gold is considered to be a safe haven against inflation — which reached a multi-decade high during the year.

Investors poured money into the precious yellow metal to safeguard their positions during the year as the economic crisis led by political turbulence boosted the metal’s appeal.