Outcry in Pakistan! For the first time in history, gold crosses ₹ 5 lakh, huge increase of ₹ 12,700 in a single day

Gold Price In Pakistan: The price of gold is gaining momentum not only in India but also in neighboring Pakistan. In India, gold has crossed Rs 1.5 lakh. At the same time, the price of gold in Pakistan has crossed 5 lakh Pakistani rupees. In just a few hours, gold prices in Pakistan have increased by Rs 12700.

According to All Pakistan Sarafa Gems and Jewelers Association (APSGJA), the price of 24-carat gold unexpectedly rose by Rs 12,700 per tola to Rs 506,362 due to rise in global rates and strong interest from investors.

Gold in Pakistan crosses Rs 5 lakh for the first time

Gold prices in Pakistan frequently change depending on the international market trends. According to All Pakistan Sarafa Gems and Jewelers Association on Wednesday, the price of gold in Pakistan crossed Pakistani rupee 500,000 per tola for the first time. Within a few hours, gold became costlier by Pakistani rupees 12,700.

gold price in pakistan today

Internationally, gold prices rose $127 an ounce to close at $4,840, reflecting rising global demand for the precious metal amid continued economic instability and currency price fluctuations. After this increase, the gold rate per tola in Pakistan became 506,362 Pakistan Rupees, while 10 grams gold price It increased by PKR 10,888 to PKR 444,123. There are 11.664 grams in one tola.

Why did gold suddenly become expensive in Pakistan?

Experts say fluctuations in international prices are affecting local rates, pushing gold to record highs and creating concern among both investors and buyers. Earlier on Tuesday also, gold prices had increased in Pakistan. Yesterday in the local market, the price of gold per tola had increased by Rs 4,300 to Pakistani rupee 493,662.

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Similarly, 10 grams of gold in Pakistan rose by PKR 3,686 to PKR 423,235 on Tuesday, according to prices shared by the All-Pakistan Gems and Jewelers Bullion Association (APGJSA).