Meanwhile, according to Express Tribune, the price of gold per Tola has increased by 1,000 rupees, reaching Rs309,000 in the local market.
Similarly, the price per 10 grams rose at Rs857 and currently stands at Rs264,917.
These record prices have attracted a lot of attention from investors and traders, reflecting the global trend of rising gold prices.
Pakistan’s gold prices surged yesterday to hit a high on Wednesday, and are noteworthy following the global uptrend.
The price of gold per Tora increased 3,800 Rs to reach Rs 308,000 Rs, with 10 grams of gold increasing Rs 3,258 to Rs 264,060. This followed the previous Rs1,000 per Tora rise on Tuesday.
Internationally, Gold climbed at $34, reaching $2,944 per ounce, supported by geopolitical tensions and increased demand for safe assets.
Experts pointed to a strong upward momentum in the market despite lack of corrections, which usually follows a significant price rise.
In the near future, gold prices could reach between $3,000 and $3,100, but traders are cautious due to potential volatility.
Meanwhile, the Pakistani rupee fell 0.04% against the US dollar and closed at 279.47. Pakistan State Bank raised Rs 258.8 crore from T-Bill auction, failing to meet its Rs 350 crore target.
MNA/