ISLAMABAD – Gold rates moved up to a record high on Monday as all previous records were shattered, with prices touching Rs268,000 per tola.
Data shared by Sarafa Association shows big increase in line with global market movements. The cost of gold per tola in the local market has risen by Rs1,700, reaching a new high of Rs268,000. In addition, the price for 10 grams of gold has increased by Rs1,458, now standing at Rs229,767.
Gold Rates in Pakistan
| Metal | Price | Change |
|---|---|---|
| Gold per Tola | Rs268,000 | +Rs1,700 |
| Gold per 10 Grams | Rs229,767 | +Rs1,458 |
Globally, the price of gold is recorded at $2,587 per ounce. In contrast, silver prices have remained stable, holding steady at Rs2,950 per tola.
The uptick in local market stemmed to increase in global market. High demand for gold in jewelry and investment through ETFs also impacts its price.
Let it be known that bullion is considered a reliable hedge against inflation and economic uncertainty.
Gold Rates in Pakistan climb to all Time High amid surge in global prices
