Gold Rate in Pakistan Jumps by Rs7,250 Per Tola After Recent Decline

Gold prices in Pakistan recorded a significant increase on Friday 12 June, with the price of 24-karat gold rising sharply in both local and international markets.

The gold price in Pakistan rose by Rs7,250 per tola today, making the price of 24 karat gold at Rs439,660 per tola, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). This is a sharp recovery in precious metals prices following recent volatility.

The price of 10 grams of 24-karat gold also surged by Rs6,525 to Rs375,947.

The market experts have credited the rise in gold prices with the revival of demand and an increase in gold price in foreign markets. A proposed Iran-US deal has also had a spill-over effect on investor sentiment and global commodity markets.

The gold price per ounce rose $72.50 to $4,175.30 in the international bullion market. The rise in gold prices on the international market directly affected the prices of gold in the domestic market, causing prices to climb in major cities such as Karachi, Lahore, and Islamabad.

The gold price per ounce rose $72.50 to $4,175.30 in the international bullion market. The rise in gold prices on the international market directly affected the prices of gold in the domestic market, causing prices to climb in major cities such as Karachi, Lahore, and Islamabad.

The latest increase has once again made investors and consumers curious about Pakistan gold rate and the uncertainty in the international financial markets.