Gold prices in Pakistan continued their upward trend, mirroring increases in international markets.
In the domestic market, the price for one tola of gold surged by Rs1,500, hitting a new peak of Rs277,000.
Similarly, the price for 10 grams of gold saw a notable rise, reaching Rs237,482 after an increase of Rs1,285, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On the global stage, gold prices also experienced a boost, with the price per ounce reaching $2,665 (including a $20 premium), an increase of $12 for the day.
Meanwhile, silver prices remained steady at Rs3,050 per tola.
Analysts link the spike in gold prices to several global factors, including escalating geopolitical tensions in the Middle East, expected interest rate cuts by the Federal Reserve, and growing demand from key markets like China and India.
This follows a previous jump of Rs2,500 on Wednesday, when gold was priced at Rs275,500 per tola.
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