The Gold Price Pakistan witnessed a massive surge for the second consecutive day, climbing by 15,200 PKR to reach a historic peak of 479,262 PKR per tola on Thursday. This rapid escalation follows a bullish trend in the global market and continued domestic economic volatility.
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Major Shifts in the Gold Price Pakistan Market
According to the All Pakistan Gems and Jewellers Association (APGJA), the unprecedented rally has pushed the cost of the precious metal to levels never seen before in the local market. This follows a staggering 16,300 PKR increase recorded just 24 hours prior, marking one of the most volatile 48-hour windows for bullion traders in recent history.
Key Market Statistics
- 24K Gold (Per Tola): Increased by 15,200 PKR, bringing the new rate to 479,262 PKR.
- 10 Grams Gold: Surged by 13,031 PKR to settle at 410,889 PKR.
- Global Benchmark: The international price jumped by $152, reaching $4,565 per ounce.
The surge is attributed to a massive $152 per ounce hike in the international market, which directly influenced local rates. Investors are reportedly flocking to gold as a safe-haven asset amidst global economic uncertainty.
For official updates on bullion rates and market analysis, investors are advised to monitor the Pakistan Stock Exchange or official APGJA communiqués.