gold rally continues
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Gold rally continues as prices jump Rs5,100 per to…

ByJustpaste.in

Gold prices continued their upward momentum on Friday, extending gains for a third straight session as both international and domestic bullion markets witnessed a sharp rise.

According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold in Pakistan surged by Rs5,100 per tola, reaching Rs454,336. The price of 10 grams of gold also climbed by Rs4,372 to settle at Rs389,519.

The increase followed a strong performance in the international bullion market, where gold advanced by $51 per ounce to $4,319, providing fresh support to local prices.

Silver also posted notable gains in the domestic market. The price of silver rose by Rs280 per tola to Rs6,939, while the rate for 10 grams increased by Rs240 to Rs5,949.

The latest rise comes after substantial increases recorded earlier in the week. On Thursday, gold prices jumped by Rs11,300 per tola, while Wednesday saw another sharp increase of Rs10,000 per tola, reflecting sustained strength in global bullion markets and continued investor demand for the precious metal.

Earlier in the week, however, gold prices had briefly softened. On Tuesday, the per-tola price slipped by Rs500 before rebounding strongly over the following days. Despite that temporary dip, the overall trend this week has remained firmly upward, pushing gold to fresh record levels in Pakistan.

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