The price of gold in Pakistan surged to a fresh all-time high on Tuesday after going up by Rs. 1,100 per tola.
According to data issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold (24 carats) rose by Rs. 1,100 per tola to Rs. 273,000, while the price of 10 grams was up by Rs. 943 to Rs. 234,053.
The price of gold has been rising consistently in the past few weeks, with gains in the last two weeks currently at over Rs. 10,000 per tola. The surge is primarily due to the increase in international prices.
On Monday, the price of the precious metal in the local market eased by Rs. 600 per tola to Rs. 271,900, slightly shy of the previous record high registered on Saturday (September 28).
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