Gold price rise to record high of Rs225,300 per tola

Canada Global (Web News) On Thursday, the gold price in Pakistan smashed all prior records, reaching Rs225,300 per tola.

The price of 24 carat gold climbed by Rs2,600 per tola and Rs2,229 per 10 grammes, reaching Rs225,300 and Rs193,158, respectively, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).

The price of gold rose by $29 to settle at $2,044 per ounce on the world market. Gold’s worth in Pakistan reached a record high as a result of the rise in global gold prices and the country’s continuous economic unrest.

The inability to reach an agreement with the International Monetary Fund (IMF) for a critical economic bailout is another reason for the rising demand for gold.

Additionally, the price of silver increased by Rs 120 per tola and Rs 102.88 per 10 grammes, respectively, to settle at Rs 2,870 and Rs 2,357.68.

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