The price of gold in Pakistan exhibited a notable increase, rising by Rs1,300 per tola in the local market on Friday.

Muhammad Arshad, Chairman of the All Pakistan Jewellers Manufacturers Association, reported the new price for the precious yellow metal at Rs212,100 per tola. Similarly, the rate for 10 grams of gold also witnessed an uptick of Rs1,114, reaching Rs82,698.

Internationally, gold prices are on the rise, currently standing at $1,957 per ounce. Meanwhile, the Pakistan Stock Exchange (PSX) achieved a significant milestone, surpassing the 55,000-point mark, setting a new all-time high record. This surge was attributed to various positive factors, including clarity on the election date and expectations of a favorable review from the International Monetary Fund (IMF)."