Gold prices surge in global and local markets
Notably, the growth pushed the international rate of gold to $4, 495 per ounce, according to market data.
Notably, the growth pushed the international rate of gold to $4, 495 per ounce, according to market data.
Article outline
- What happened
- The key numbers
- The bottom line
Key points
- The cost of 10 grams of gold climbed by Rs11, 746 to Rs 404, 609 rupees.
- The rise in global rates additionally drove a major growth in Pakistan's local bullion market.
- The sharp movement in local rates came as domestic bullion markets tracked the robust rise in international gold rates.
- Silver rates additionally recorded gains in the local market.
For context, the rise in global rates additionally drove a major growth in Pakistan's local bullion market. The cost of gold rose by Rs13, 700 per tola, taking the new rate to Rs 471, 936 per tola.
Notably, the cost of 10 grams of gold climbed by Rs11, 746 to Rs 404, 609 rupees.
Silver rates additionally recorded gains in the local market. While the rate for 10 grams rose by the same amount to 6, 146 rupees, the cost of silver rose by 317 rupees per tola to 7, 169 rupees.
Meanwhile, the sharp movement in local rates came as domestic bullion markets tracked the robust rise in international gold rates.
For now, gold prices surge in global and local markets remains the part of the story worth watching, and further updates are likely as more details are confirmed.
