Gold Price in Pakistan recorded a sharp increase on Friday, following a rise in international bullion markets. According to the latest rates issued by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs7,250.
With the latest jump, the Gold Price per tola reached Rs439,966. On the previous trading day, the rate stood at Rs432,716. The significant increase reflects growing momentum in both local and global gold markets.
The price of 10 grams of 24-karat gold also moved higher. It increased by Rs6,525 and reached Rs375,947. Previously, the same quantity was being sold for Rs369,422.
Similarly, the rate of 10 grams of 22-karat gold witnessed an increase. The price rose by Rs5,925 to settle at Rs344,923 compared to the earlier rate of Rs338,998.
Market analysts believe that changes in international gold rates continue to influence local prices. As global demand rises, local markets often experience similar trends.
In the international market, gold prices recorded a notable increase. The price of gold per ounce climbed by $72.50. It reached $4,175.30 compared to the previous rate of $4,102.80 per ounce.
The increase in international prices played a key role in pushing the Gold Price higher in Pakistan. Traders closely monitor global developments because international market movements directly affect domestic bullion rates.
Silver prices also moved upward alongside gold. The price of silver per tola increased by Rs190, reaching Rs7,079. On the previous trading day, silver was available at Rs6,889 per tola.
Likewise, the rate of 10 grams of silver rose by Rs171. The new price settled at Rs6,028 compared to Rs5,857 previously.
International silver prices also recorded gains. The metal increased by $1.90 per ounce to reach $66.00, up from $64.10.
The latest rise in gold and silver prices comes at a time when investors continue to monitor global economic developments. Precious metals are often viewed as safe-haven assets during periods of uncertainty.
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With international rates showing strength, market observers expect local bullion prices to remain closely tied to global trends. Buyers and investors will continue watching the market for further movements in the coming days.
