The gold rate in Pakistan increased for the second consecutive day, reflecting a steady upward trend. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola rose by Rs1,000 on Wednesday, reaching Rs361,700.
Similarly, the price of 10 grams of gold increased by Rs857, taking it to Rs310,099. The ongoing rise in gold rate comes amid global market fluctuations and growing demand from investors.
Globally, the gold market also saw a small increase. The price of gold per ounce climbed by $10, reaching $3,390. Analysts say the international trend is influencing local prices, keeping the gold rate in Pakistan on an upward path.
In contrast, silver prices in the country showed a decline. The price of a tola of 24-karat silver dropped by Rs53 to Rs4,068. Similarly, the price of 10 grams of silver fell to Rs3,487. Experts believe that while gold remains a safe investment, silver is currently experiencing a minor dip due to market adjustments.
The consistent rise in gold rate is attracting attention from investors, traders, and jewelry buyers. Many prefer gold as a secure asset amid economic uncertainties and currency fluctuations.
Market analysts advise buyers and investors to monitor both local and international gold trends before making purchases. They noted that the increase in gold rate could continue if global demand stays high and geopolitical factors affect the market.
Overall, the precious metals market in Pakistan remains dynamic, with gold leading the trend upward while silver shows minor variations. Investors and jewelers continue to watch the market closely for future developments.
In other news read more about Gold Price Jumps Sharply in Pakistan After Recent Decline
