
Gold prices rise in Pakistan following international market gains
Gold prices in Pakistan increased on Monday, mirroring a rise in the international market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola reached Rs361,200, up by Rs3,600.
The rate for 10 grams of gold also went up, selling at Rs309,671 after a gain of Rs3,087.
On Friday, gold prices per tola had reached Rs357,600, rising by Rs2,500. The bullion market was closed on Saturday due to a traders' strike against tax laws.
Internationally, gold prices also increased, reaching $3,387 per ounce with a $20 premium—a gain of $36, according to APGJSA.
Meanwhile, silver prices remained stable, with the rate per tola holding steady at Rs4,012.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
10 hours ago
- Business Recorder
European shares end lower as trade anxiety weigh
FRANKFURT: European shares settled lower on Tuesday, with German equities logging their biggest one-day drop in two months as a batch of disappointing corporate reports and dimming prospects of a US-European Union trade deal weighed on sentiment. The pan-European STOXX 600 index closed 0.46% lower, with Germany's DAX logging a 1.1% drop, easing further from a recent record high. This earnings season is especially of interest for investors as they look for clues on how trade uncertainty and the euro's recent surge are impacting European export-heavy corporates. Latest earnings forecasts showed the outlook for European corporate health has slightly improved, although they are still expected to drop 0.3% on average, according to data compiled by LSEG. A year ago, STOXX 600 companies on average delivered a 3.0% increase in second-quarter earnings. On Monday, Sartorius Stedim Biotech was among top losers on the STOXX 600, down 8.1% after the French lab supplies manufacturer reported its half-year results. Switzerland's Givaudan lost 5.4% after missing half-year sales forecast due to the Swiss franc's 14% surge this major lenders, Julius Baer's first half profit took a hit, pressured by loan loss provisions and a charge from the sale of its Brazilian wealth management arm, sending shares of the Swiss bank down 2.1%. Keeping investors wary was also the lack of progress on prolonged negotiations between the US and Europe as they brace for the EU potentially announcing a broader range of counter-measures against Washington and could escalate trade tensions. 'If we see that 30% (US) tariff implemented, followed by potential countermeasures from the European Union, it would significantly hurt the growth outlook for the eurozone—a region where growth is already in a very fragile position,' Fiona Cincotta, senior market analyst at City Index said. Top on the radar for investors is a business activity survey and the European Central Bank's monetary policy verdict later in the week. Markets broadly anticipate that the central bank would leave interest rates unchanged.


Business Recorder
a day ago
- Business Recorder
Gold unchanged at Rs361,200 per tola in Pakistan
Gold prices in Pakistan remained unchanged on Tuesday as gold per tola clocked in at Rs361,200. As per rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold also remained the same as it was sold at Rs309,671. On Monday, gold price per tola increased by Rs3,600 to settle at Rs361,200. The international rate of gold also remained the same on Tuesday. As per APGJSA, the rate was at $3,387 per ounce (with a premium of $20). Meanwhile, silver price clocked in at Rs4,035 per tola, registering an increase of Rs23.


Business Recorder
a day ago
- Business Recorder
Gold unchanged at Rs309,671 per tola in Pakistan
Gold prices in Pakistan remained unchanged on Tuesday as gold per tola clocked in at Rs361,200. As per rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold also remained the same as it was sold at Rs309,671. On Monday, gold price per tola increased by Rs3,600 to settle at Rs361,200. The international rate of gold also remained the same on Tuesday. As per APGJSA, the rate was at $3,387 per ounce (with a premium of $20). Meanwhile, silver price clocked in at Rs4,035 per tola, registering an increase of Rs23.