KARACHI – The price of gold in Pakistan saw a consecutive increase on Friday, following a notable rise in the international
Gold prices in Pakistan rose following international trends.Pakistan meets its gold demand through imports. market. According to data released by the All-Pakistan Sarafa Gems and Jewellers Association , the price of gold surged by Rs700 per tola and Rs600 per 10 grams, settling at Rs241,700 per tola and Rs207,219 per 10 grams.
The APSGJA noted that gold in Pakistan is currently priced at Rs 1,500 per tola lower than the international market, indicating favorable conditions for local buyers. Meanwhile, silver prices remained steady at Rs 2850 per tola and Rs 2,443.41 per 10 grams in the Pakistani market.The determination of gold prices in Pakistan is overseen by the APSGJA, which sets rates based on international benchmarks, currency exchange rates, and domestic supply and demand dynamics. These prices are updated six days a week, reflecting ongoing market conditions.On June 28, 2024, the price of 24k gold per tola in Qatar was QAR 3,197.30. This information...
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