KARACHI – The Gold prices have recorded a sharp increase in both local and international markets. The rise has been reported in recent trading sessions.
According to the All Pakistan Sarafa Gems and Jewellers Association, Gold prices in Pakistan moved higher due to global market trends. The increase has affected both per tola and per 10-gram rates.
The price of 24-karat gold per tola rose by Rs 2,830. It now stands at Rs 455,063. The price of 10 grams of gold also increased by Rs 2,547. It reached Rs 389,534 in the local market.
Market experts say the jump in Gold prices is linked to global demand and currency fluctuations. Investors continue to show strong interest in safe-haven assets.
Silver prices also followed an upward trend in the domestic market. Per tola silver increased by Rs 141. It reached Rs 7,314 in the latest update. Traders noted improved activity in precious metals overall.
In the international market, Gold prices also posted gains. The rate rose by $28.29 per ounce. It reached $4,326.27 during recent trading.
Analysts believe global economic uncertainty is supporting higher Gold prices. Inflation concerns and market instability are also contributing factors. These elements often push investors toward gold.
Local jewellers reported mixed activity in the market. Some buyers are waiting for price stability before making purchases. Others are still investing despite rising rates.
The continuous increase in Gold prices has impacted jewellery demand in some regions. However, long-term investors remain active in the market.
Officials expect volatility to continue in the coming days. Traders will closely monitor international developments affecting Gold prices. Market direction will depend on global economic signals and currency movement.
In other news read more about Silver Prices ‘Back to Normal’ in Pakistan – Check Here
For now, both local and international markets are showing a strong upward trend in precious metals.
