Gold soars significantly by Rs4,300/tola
Up by huge $43, international bullion prices soared to $3,400 per ounce, driving up the local gold prices by Rs4,300 per tola and Rs3,687 per 10 grams.
This surge took the total value of gold prices to Rs358,400 per tola and Rs307,270 per 10 grams, according to All Pakistan Sarafa Gems and Jewelers Association.
Domestic silver prices skyrocketed by Rs159 and Rs136, reaching Rs3,745 per tola and Rs3,210 per 10 grams with the international market growing to $36 per ounce, the association added.
It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
11 hours ago
- Business Recorder
LSE Ventures approves stock split from Rs10 to Rs5 per share
LSE Ventures Limited announced on Monday that it had approved a stock split from Rs10 to Rs5 per share. This company announced in a notice to the Pakistan Stock Exchange (PSX) today. 'The approval is hereby accorded for subdivision of the authorized capital of LSE Ventures Limited from Rs3,000,000,000/- divided into 300,000,000 ordinary shares of Rs10.00 each to Rs3,000,000,000/- divided into 600,000,000 ordinary shares of Rs5.00 each.' 'Board of Directors of the company authorized to determine the entitlement dates and book closure dates to effectuate the stock-split,' it added. LSE Ventures Limited was established on Jul 18, 2022, with the purpose of holding the legacy capital market infrastructure investments that had been made during the time of the functioning of the former Lahore Stock Exchange (LSE). The principal activity of the company is to source and invest capital in growth oriented enterprises and emerging ventures generating positive cash flows.
Business Recorder
17 hours ago
- Business Recorder
CM directs to use modern Japanese tech for waste treatment
LAHORE: 'Japan's modern technology and methods will be used for sewage and waste management in Punjab,' said Chief Minister Punjab Maryam Nawaz Sharif during her visit to Japan's largest waste water treatment plant. She inspected the waste treatment systems of Asahi, Yokohama City, Kanagawa, Washimaku and Yodogawa. The chief minister was given a detailed briefing on methods of collecting garbage and waste water along with waste disposal systems of Japanese cities. She was apprised by the authorities concerned, 'Yokohama is the second largest city in Japan in terms of population, its Solid Waste and Wastewater Treatment Plant treats 1.5 million liters of wastewater daily.' She was also briefed, 'Yokohama Waste Treatment Plant is also operating several plants that generate energy from waste. This energy is used for heating systems for the local population.' They said, 'Yokohama Waste Treatment Plant is an ideal institution for disposal of waste using modern technology and methods.' Copyright Business Recorder, 2025
Business Recorder
17 hours ago
- Business Recorder
Yokohama, Punjab agree on ‘city-to-city' cooperation
LAHORE: 'Yokohama and Punjab have agreed on 'city-to-city' cooperation in various fields including environment protection and providing modern development systems to cities,' said Chief Minister Punjab Maryam Nawaz Sharif during her visit to Japan's commercial, economic and cultural center 'Yokohama.' The CM and her delegation members were given a detailed briefing on urban development at Yokohama Town Hall. She discussed on how to bring construction quality of roads and buildings in Punjab at par with that of Japan. She also discussed various possibilities of cooperation between Ravi Urban Development Authority (RUDA) and Yokohama. The Chief Minister reviewed possibilities of cooperation in running a high-speed train between Lahore and Islamabad, besides upgradation of railway infrastructure in the province. She also reviewed the latest Japanese chairlift and air cabin projects. She was apprised, 'Kun-Hun' the three cities of Tokyo, Kawasaki and Yokohama are located in a region called industrial zone of Japan.' She was briefed by the authorities concerned, 'Yokohama is the second largest city in Japan in terms of population, and in May 2025, annual conference of Asian Development Bank declared Yokohama the most developed city in Asia in terms of environmental improvement.' Moreover, the CM who is on a five-day official visit to Japan, visited different parts of 'Yokohama Red Brick Warehouse,' whose new name is 'Newport Pier Bonded Warehouse' due to its location along the port. She also visited a centre for teaching skills to children, under community welfare in the warehouse. The Chief Minister saw children making things from paper and other materials. The children showed her various examples of their creative talents. She congratulated the children and interacted with them. Maryam Nawaz Sharif said, 'A model of community welfare is also being promoted in Punjab.' She added, 'We are also adopting methods of education and skill development on modern lines, besides providing facilities to children of Punjab.' She paid tribute to the excellent efforts of administration of 'Red Brick Warehouse.' Copyright Business Recorder, 2025
