Gold prices recorded a sharp rise in Pakistan on Thursday, following a major increase in international rates. The recovery came during the fourth trading session of the week and reversed the losses seen a day earlier.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of Gold per tola increased by Rs. 9,100. After the jump, the new rate settled at Rs. 428,736 per tola.
The price of 10 grams of Gold also moved up strongly. It increased by Rs. 7,802 and reached Rs. 367,572. This rise reflects the growing strength of the precious metal in both local and global markets.
A day earlier, Gold prices had dropped by Rs. 5,200 per tola. On Wednesday, the rate had closed at Rs. 419,636 per tola. However, Thursday’s strong rebound helped recover those losses.
Market experts linked the rise to global price movements. In the international market, Gold prices climbed by $91 per ounce. The new global rate settled at $4,063 per ounce, showing strong demand from investors.
The increase in international rates often directly affects local prices in Pakistan. Since Pakistan imports Gold, changes in global markets usually impact domestic prices quickly.
Traders said the latest recovery may be driven by investor interest in safe-haven assets. Gold often gains attention during uncertain economic conditions. Rising global demand can push prices higher in local markets as well.
Alongside Gold, silver prices also saw a strong increase on Thursday. Silver gained Rs. 203 per tola and settled at Rs. 6,445. This shows a broader rise in precious metal prices.
In other news read more about Latest Gold Price Today in Pakistan for 18K, 21K and 24K Gold
The latest jump in Gold rates has caught the attention of buyers and investors. Many market watchers are now closely observing whether the upward trend will continue in the coming days. Future movements will likely depend on international market conditions and economic developments.
