Gold price in Pakistan surged again on Friday, seeing a major increase after three days of decline. The 24-karat gold rate rose by Rs3,000 per tola, reaching Rs444,462. The surge comes as global gold prices also climbed to $4,221 per ounce due to steady investor demand.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 10 grams of gold increased by Rs2,572 to Rs381,054. Similarly, 22-karat gold saw a rise of Rs2,358 per 10 grams, reaching Rs349,312. This shows a clear trend of growing gold demand in both local and international markets.
The surge in gold price in Pakistan is linked to economic uncertainty and shifting currency trends worldwide. Investors continue to view gold as a safe investment. Silver prices also followed a similar pattern. The 24-karat silver price per tola increased by Rs72 to Rs6,072. For 10 grams of silver, the rate rose by Rs61 to Rs5,205.
Experts suggest that gold price in Pakistan may continue to rise if global demand remains strong and currencies fluctuate. The increase today provides an opportunity for sellers to gain profit, while buyers might face higher costs. Market analysts are closely watching international trends to predict the next movement in gold prices.
The major surge in gold today highlights the precious metal’s importance as a stable investment during uncertain times. Both local buyers and international investors are actively tracking these changes to make timely financial decisions.
