Rates for gold increased in Pakistan on Saturday even though there was a deterioration in rates on an international level. For the domestic market, gold price per tola increased by Rs 1000 and reached Rs 262500. At the same time, the rate for 10 grams of gold went up by Rs857 and stood at a total of Rs225,051 according to All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
But the price rose on Saturday after a significant drop was observed on Thursday as per which the gold price decreased to Rs 210,500 per tola.
On the other hand, the international gold rate declined on Saturday.
The following two similar sentences are taken from two different news articles and it is observed that the previous one is incorrect in the context of the news articles because it does not convey the proper meaning of the news wherein it is used. According to the APGJSA,, it was $2,503 an ounce with a $20 premium, a $13 drop on the day.
The price of silver did not change and kept on hovering at the level of Rs 2950 per ton. I would also like to inform you that last week, Gold prices in tola in Pakistan reached Rs 263,700.
Therefore, this recent rise in the local gold prices shows the market fluctuations influenced bytic and global forces. While investors and customers follow these fluctuations, the gold market remains an object of attention for those who want to protect themselves from economic fluctuations.