Gold prices in Pakistan witnessed a sharp rise on Thursday, just a day after a major drop. This sudden spike has impacted both local and global markets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola rose by Rs3,200, reaching Rs354,700. Similarly, the price of 10 grams of gold increased by Rs2,515, now standing at Rs278,766.
This rise in gold prices was not limited to Pakistan. In the international market, the price of gold per ounce jumped by $32, pushing it up to $3,324. This increase reflects a global trend driven by market uncertainty and demand for safe-haven assets.
In addition to gold, silver prices in Pakistan also climbed. A tola of 24-karat silver is now priced at Rs3,851, while the cost for 10 grams stands at Rs3,301. The consistent rise in silver mirrors the volatility observed in precious metal markets worldwide.
Experts suggest that the surge in gold prices is linked to economic pressures, currency fluctuations, and changes in investor sentiment. These factors often influence both local and global demand for precious metals.
Investors and buyers are advised to stay informed, as the market remains unpredictable. Price swings like these can have a major impact on purchasing decisions, especially during wedding seasons or major festivals.
The latest changes in gold prices highlight the importance of keeping track of daily market updates before making any investments or purchases. With markets shifting rapidly, awareness and timing are key to making smart financial decisions.
Gold prices drop sharply in Pakistan due to global market instability — read full report here
