Gold Surges as Price Skyrockets by Over Rs. 11,000 Per Tola This Week

The price of 24 karat gold increased by Rs. 4,300 per tola and was traded at Rs. 358,400 on Thursday as compared to its sale at Rs.354,100 on last trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The price of the precious metal remained unchanged on Wednesday; however, it went up Rs. 6,900 per tola in the opening two days of the week. Today’s increase takes the cumulative increase in price this week to Rs. 11,200 per tola. The prices of 10 grams of 24 karat also increased by Rs. 3,687 to Rs. 307,270 from Rs. 303,583 and for 10 grams of 22 Karat it went up by Rs. 3,380 to Rs. 281,674 from Rs. 278,294. The rates of per tola and ten-gram silver increased by Rs.159 and Rs.136 to Rs.3,745 and Rs.3,210 respectively. The price of gold in the international market went up by $43 to $3,400 from $3,357 whereas that of silver increased by $1.59 to $35.87 from $34.28, the Association reported.