Gold prices continue upward trend, reaching historic high
MG News | April 16, 2025 at 04:27 PM GMT+05:00
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.
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