Gold surges Rs5,900 to hit new peak
MG News | April 22, 2025 at 03:02 PM GMT+05:00
April 22, 2025 (MLN): Gold price in Pakistan surged to an all-time high on Tuesday, with 24-karat gold hitting a record Rs363,700 per tola marking a sharp increase of Rs5,900.
Similarly, 24-karat gold per 10-gram was sold at Rs311,814 after a gain of Rs5,059, 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 Rs285,839 per 10-gram.
On the other hand, silver prices remained unchanged in the domestic market, with 24-karat silver being sold at Rs3,441 per tola and Rs2,950 per 10-gram.
| PKR (24-karat per tola) | Apr 22, 2025 | Apr 21, 2025 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 363,700 | 357,800 | 5,900 | 45,700 | 122,000 | 91,100 |
| Silver | 3,441 | 3,441 | 0 | -34 | 591 | 91 |
Globally, spot gold traded near $3,454 an ounce, up $139.5 or 4.21% from the previous session.
Gold prices soared to a record high, hitting the crucial around $3,500 mark on Tuesday, as concerns over U.S. President Donald Trump's criticism of Federal Reserve Chair Jerome Powell dampened risk sentiment and drove investors towards safe-haven bullion.
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