KARACHI – The gold price in Pakistan and international markets surged again on Saturday after a brief two-day pause. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs1,700, reaching Rs390,300. Meanwhile, the price of 10 grams of gold rose by Rs1,458, taking it to Rs334,619.
The global market also saw a rise, with the gold price per ounce climbing $17 to reach $3,685. Analysts suggest that the increase is linked to ongoing economic uncertainty and fluctuating currency values, which have boosted demand for safe-haven assets like gold.
Silver prices in Pakistan mirrored the gold trend. The price of a tola of 24-karat silver increased by Rs114 to Rs4,532, while 10 grams of silver were sold for Rs3,885. Experts say that precious metals are continuing to attract investors amid concerns over inflation and global market volatility.
Market insiders noted that the gold price in Pakistan is also influenced by international trends and local demand from both investors and jewellery buyers. Gold remains a preferred investment option for many Pakistanis looking to protect their savings against inflation.
Analysts advise that buyers monitor price trends closely, as global economic developments can significantly impact the gold rate. The upward movement in gold price may continue in the coming days if international markets remain strong and local demand persists.
Overall, both gold and silver have shown resilience, maintaining their status as reliable investment choices in uncertain financial times. The recent hike in gold price reflects growing interest from investors seeking security in precious metals.
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