The Gold Price in Pakistan rebounded on Thursday after two consecutive sessions of decline. The recovery followed a rise in international bullion prices, which pushed domestic rates higher.
According to the latest market data, the Gold Price for 24-karat gold increased by Rs3,600 per tola. The new rate reached Rs433,836 per tola in local markets.
The price of 24-karat gold for 10 grams also moved higher. It climbed by Rs3,086 to settle at Rs371,944.
The latest increase came after a sharp decline in the previous trading session. On Wednesday, gold had fallen by Rs4,700 per tola, closing at Rs430,236 before recovering on Thursday.
The improvement in local rates was supported by gains in the international bullion market. Global gold prices rose by $36 per ounce, taking the rate to $4,113 per ounce, including a $20 premium.
Market experts said Pakistan’s Gold Price usually follows trends in the international bullion market. Any significant movement in global prices is often reflected in domestic gold rates.
Analysts also noted that exchange rate fluctuations can affect local gold prices. Changes in the value of the Pakistani rupee against the US dollar often influence the cost of imported gold.
Despite the strong performance of gold, silver prices remained unchanged. The domestic price of silver stayed at Rs6,421 per tola, showing no movement from the previous trading session.
Latest Gold and Silver Rates in Pakistan
| Metal | Latest Price |
|---|---|
| 24-Karat Gold (Per Tola) | Rs433,836 |
| 24-Karat Gold (10 Grams) | Rs371,944 |
| International Gold (Per Ounce) | $4,113 |
| Silver (Per Tola) | Rs6,421 |
Investors continue to keep a close watch on international economic developments. Global inflation trends, interest rate expectations, and geopolitical events remain major factors affecting bullion prices.
Gold is widely viewed as a safe-haven asset during periods of economic uncertainty. As a result, changes in global investor sentiment can quickly influence market prices.
Jewellers and traders in Pakistan are also monitoring international markets for further direction. Any additional gains in global bullion could support another increase in domestic rates, while weaker international prices may put pressure on local markets.
In other news read more about Government to Launch New Hybrid Sukuk Bonds for the First Time
For now, the latest recovery has helped the Gold Price regain some of the losses recorded earlier this week. Market participants will continue to follow global trends and currency movements for the next direction in precious metal prices.
