Gold price in Pakistan increased slightly on Saturday after falling for five straight days. The rise brought relief to local investors who had seen a steady decline in the precious metal’s value throughout the week.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola rose by Rs1,800, reaching Rs433,662 in the local market. The rate for 10 grams of 24-karat gold increased by Rs1,543 to Rs371,795. Meanwhile, 10 grams of 22-karat gold were priced at Rs340,824, up by Rs1,414.
In the global market, gold prices also moved upward. The international gold rate climbed by $18, reaching $4,113 per ounce. Analysts said that growing economic uncertainty and fluctuations in currency values encouraged investors to move towards safe-haven assets like gold.
Experts added that the appreciation of the US dollar and changing interest rate expectations are major factors behind this upward trend. The gold market has seen renewed investor activity after a week of consistent losses.
Silver prices in Pakistan followed the same pattern. The rate for 24-karat silver per tola increased by Rs57 to Rs5,124, while 10 grams were sold for Rs4,393.
The gold price in Pakistan may continue to fluctuate in the coming days. As global and local markets adjust to economic trends and currency changes.
