Gold prices in Pakistan maintained their upward trajectory on Thursday in line with their rise in international rates. In the local market, gold price per tola gained Rs1,000 to reach a new all-time high of Rs309,000.
Similarly, 10-gram gold was sold at Rs264,917 after it registered an increase of Rs857, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Wednesday, gold price per tola increased by Rs3,800 to settle at the then-all-time high of Rs308,000.
The international rate of gold increased on Thursday. As per APGJSA, the rate was at $2,953 per ounce (with a premium of $20), an increase of $9 during the day.
Meanwhile, silver price increased by Rs28 to settle at Rs3,468 per tola on Thursday.
Globally, gold prices held firm near a record high on Thursday, as US President Donald Trump’s tariff plans stoked fears of higher inflation and a major global trade war.
Since his inauguration, Trump has imposed a 10% tariff on Chinese imports and a 25% tariff on steel and aluminium.
He said on Wednesday he would announce tariffs related to lumber, cars, semiconductors and pharmaceuticals “over the next month or sooner.”
