The gold price in Pakistan rose sharply again on Saturday, continuing its upward trend. Investors watched closely as the global market pushed prices higher, creating fresh demand for safe-haven assets. The gold price in Pakistan remained highly volatile throughout the week.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold increased by Rs2,300 per tola, reaching Rs428,862. The price of 10 grams also climbed by Rs1,972, settling at Rs367,680. Traders said the rise is linked to global economic uncertainty and shifting currency movements.
In the international market, gold gained $23 per ounce, reaching $4,035. Analysts noted that investors are turning to gold due to concerns over inflation, slow economic recovery, and unstable financial markets. This steady global demand continues to push precious metal prices upward.
Silver prices moved in the same direction. The rate of 24-karat silver increased by Rs48 per tola, hitting Rs5,270. The price of 10 grams of silver reached Rs4,518, showing consistent upward momentum.
Experts believe that the rising international gold rate, a weaker local currency, and strong global investor appetite are driving today’s surge. They warn that prices may remain unstable in the coming days if global economic pressure continues.
The latest gold market update shows that precious metals remain a preferred choice for investors seeking safety. With ongoing economic uncertainty worldwide, further rate fluctuations are expected.
