Gold registered massive gains in the domestic market of Pakistan to surge to a record high on Friday.
Data shared by All Pakistan Gems and Jewellers Association showed per tola gold price moved up by Rs2,400 to settle at Rs257,300.
Similarly, the price of 10 grams increased by Rs2,057 as it was traded at Rs220,593.
In the international market, the yellow metal also accumulated significant gains per ounce price increased by $26 to reach $2,458. A day earlier, the precious commodity also registered an upward trend as per tola price increased by Rs1,400 to reach Rs254,900. Similarly, the price of 10 grams surged by Rs1,201 to settle at Rs218,536.
Moreover, In today’s trading session, the value of the US dollar saw a slight decline against the Pakistani rupee in the interbank market. The depreciation of 16 paisas led to the dollar being valued at Rs278.50.
Market experts believe that the slight depreciation of the dollar could be due to various factors, including shifts in demand and supply dynamics, as well as broader economic trends.
