Gold, Silver Prices Surge Again, Local Rates Hit New Highs

Gold, silver prices surge again, local rates hit new highs

Gold and silver prices continued their upward trend on Thursday, widening the gap between precious metals and consumer affordability. The international bullion market saw gold rise by $79 per ounce to $5,012, prompting a surge in local rates. In Pakistan, the price of one tola of gold increased by Rs7,900 to Rs523,962, while 10 grams rose by Rs6,773 to Rs449,212. Silver prices also climbed, with one tola reaching Rs8,404, up Rs358, and 10 grams …

Gold price rises Rs7,900 per tola in Pakistan

Continuing its upward momentum, gold prices in Pakistan jumped by Rs7,900 on Thursday, bringing the precious metal's rate to Rs523,962 per tola.The price of 10 grammes of gold has increased by Rs6,773 to Rs449,212.Meanwhile,...

Silver Price Breaks February Resistance Line

As seen on the XAG/USD chart, silver has today breached the upper boundary of the descending channel formed by February’s lower highs and lows.Bullish sentiment is supported by heightened geopolitical tensions and rising demand for safe-haven assets. According to media reports:→ On Thursday, US President Donald Trump warned Iran that it must reach an agreement on its nuclear programme, or “really bad things” would happen, setting a 10–15 day dea…

Hot Stocks: Recharge Metals, Viking Mines, Impact Minerals, Rural Funds Group

The Australian sharemarket pared earlier losses by midday as gold climbed above $US5000 an ounce amid renewed geopolitical tension between the United States and Iran. The S&P/ASX 200 is trading 0.1 per cent lower in early afternoon, with seven of 11 sectors down. Gold rose 0.3 per cent to $US5012.34 an ounce after US President Donald Trump signalled a 10 to 15-day window for negotiations with Iran over a nuclear deal. Gold miners are mixed, with…

Gold price surges by Rs 7,900 per tola

The price of 24 karat per tola gold increased by Rs 7,900 and was sold at Rs 523,962 on Thursday compared to its sale at Rs 516,062 on the previous trading day, All Pakistan Sarafa Gems and Jewellers Association reported. The price of 10 grams of 24 karat gold also increased by Rs 6,773 to Rs 449,212 from Rs 442,439, whereas the price of 10 grams of 22 karat gold went up by Rs 6,209 to Rs 411,792 from Rs 405,583. The price of per tola silver inc…

Gold price increases Rs7,900 per tola

Gold price in Pakistan on Thursday recorded a massive gain, mirroring the upward trend in the international market. In the domestic market, the price of gold per tola climbed by Rs7,900 to settle at Rs523,962. Likewise, the rate for 10 grams of gold rose by Rs6,773 to Rs449,212, according to figures released by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). A day earlier, on Wednesday, gold per tola had increased by Rs1,300 to c…