Gold prices continue upward trend, reaching historic high

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By MG News | April 16, 2025 at 04:27 PM GMT+05:00

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April 16, 2025 (MLN): Gold hit a new all-time high in Pakistan on Wednesday, with the price of 24-karat gold soaring to Rs348,000 per tola, marking a sharp increase of Rs8,600.

Similarly, 24-karat gold per 10-gram was sold at Rs298,353 after a gain of Rs7,373, according to rates shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).

The price of 22-karat gold was also quoted higher at Rs273,500 per 10-gram.

Similarly, silver prices rose in the domestic market, with 24-karat silver being sold at Rs3,460 per tola (+Rs63) and Rs2,966 per 10-gram (+Rs54).

PKR (24-karat per tola) Apr 16, 2025 Apr 15, 2025 DoD 1 Month FYTD CYTD
Gold 348,000 339,400 8,600 33,200 106,300 75,400
Silver 3,460 3,397 63 -70 610 110

Globally, spot gold traded near $3,298 an ounce, up $47.5 or 1.46% from the previous session.

Gold prices rose to a new all-time high on Wednesday, as investors sought safe-haven assets following an order by U.S. President Donald Trump to probe potential new trade actions.

Copyright Mettis Link News

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