Gold Prices Soar to Historic Highs in Pakistan
On Thursday, gold prices in Pakistan reached an unprecedented peak, influenced by trends in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold surged by Rs1,500 per tola, setting a new record at Rs277,000. The price for 10 grams of 24-karat gold also rose, increasing by Rs1,285 to reach Rs237,482.
This latest increase follows a prior surge on Wednesday, when gold hit Rs275,500 per tola after a rise of Rs2,500. The international market mirrored this trend, with gold rates climbing to $2,665 per ounce, reflecting a gain of $12 for the day.
Meanwhile, silver prices in the local market remained stable, holding at Rs3,050 per tola.
With these record-breaking prices, how do you think the rising costs of gold will impact consumers and the economy?
