Gold price in Pakistan hikes again after a short decline, showing a strong upward trend in both local and global markets. The sudden rise in gold rates reflects growing investor interest and global market uncertainty.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold increased by Rs3,700 per tola on Thursday, reaching Rs423,062. The price of 10 grams of gold also rose by Rs3,122 to Rs362,707. This surge came after two days of falling prices, bringing relief to investors watching the volatile market closely.
In the international market, gold prices went up by $37 per ounce, reaching $4,007. The steady rise highlights strong global demand for precious metals amid uncertain economic conditions and currency shifts.
For 22-karat gold, the price per 10 grams touched Rs332,493, showing an increase of Rs2,935. The continuous upward movement indicates renewed confidence in gold as a safe investment option.
Silver prices also saw a rise. The rate per tola increased by Rs90 to Rs5,112, while 10 grams climbed by Rs77 to Rs4,382. In the global market, silver traded at $48.50 per ounce after a modest gain of $0.9.
Experts suggest that the gold price in Pakistan will continue to depend on international trends and local currency stability. Investors are advised to stay alert as global uncertainty keeps pushing gold higher.
