Gold price jumps by Rs3,500 per tola in Pakistan

The price of per-tola 24-karat gold increased by Rs3,500 on Wednesday to reach Rs419,862 compared to the previous day’s rate of Rs416,362.

Similarly, the price of 10-gram 24-karat gold rose by Rs3,000 to Rs359,963 against Tuesday’s Rs356,963, according to the All Pakistan Sarafa Gems and Jewellers Association.

The price of 10-gram 22-karat gold was recorded at Rs329,978 after an increase of Rs2,751, up from yesterday’s Rs327,227.

At the international market, gold was traded at $3,975 per ounce, reflecting a gain of $35 from the previous rate of $3,940.

Likewise, silver also registered an increase as the per tola 24 karat silver price increased by Rs110 to Rs5,034 from Rs4,924 a day earlier. The 10-gram silver rate rose by Rs94 to Rs4,315 against the previous Rs4,221.

The international silver price reached $47.72 per ounce, up by $1.10 from $46.62.

Reporter: Ashraf Khan