Gold prices in Pakistan continued their upward trend on Thursday as global markets showed strength. The precious metal extends gains amid rising international prices and improved investor sentiment. Market uncertainty also supported the ongoing rally.
According to data from the All Pakistan Gems and Jewellers Association, gold prices increased sharply. The price of per tola gold rose by Rs1,400 to reach Rs504,862. It was previously recorded at Rs503,462. This shows that gold extends gains for another trading session in the local market.
Similarly, the price of 10 grams of gold also moved higher. It increased by Rs1,200 to settle at Rs432,837. The previous rate was Rs431,637. Traders noted consistent buying interest as gold extends gains in line with global trends.
In the international market, gold also recorded an increase. The price rose by $14 per ounce to reach $4,825. It was earlier at $4,811. This global movement contributed to the local price surge in Pakistan.
Silver prices also followed the upward trend. The price of per tola silver increased by Rs110 to reach Rs8,514. The rate was previously Rs8,404. Ten grams of silver also rose by Rs94 to Rs7,299. This shows broader strength in precious metals.
Meanwhile, the Pakistan Stock Exchange also opened on a positive note. The KSE-100 index gained 1,617 points, marking a 0.96 percent increase. It reached 170,137.05 during early trading. Market activity remained strong throughout the session.
The index recorded a high of 170,899.16 and a low of 168,941.31. A total of 235.88 million shares were traded. The previous session closed at 168,519.94 points. Analysts said investor confidence is improving steadily.
Experts believe global uncertainty and inflation concerns are driving safe-haven demand. As a result, gold extends gains while investors continue to shift toward stable assets. Market participants are closely watching geopolitical developments.
Overall, both local and international markets reflected positive momentum. With continued global support, gold extends gains and maintains its strong upward trajectory in Pakistan.
In other news read more about: Gold Extends Gains in Pakistan; Per Tola Price Rises by Rs7,900
