Gold prices in Pakistan continued their strong upward trend on Saturday, with the per tola rate climbing to Rs490,362, reflecting sustained momentum in the local bullion market.
According to market data, the price of 10 grams of gold reached Rs420,406, showing a significant increase driven mainly by rising international gold rates and currency pressures.
Silver prices also remained firm in the domestic market, with silver recorded at Rs7,794 per tola, while the price for 10 grams stood at Rs6,682 amid steady investor interest.
In global markets, gold surged to $4,676 per ounce, marking an increase of $34 during the latest trading session, which directly influenced Pakistan’s domestic bullion prices.
Bullion traders reported that gold prices increased by Rs3,000 per tola locally, highlighting strong demand and continued volatility in precious metal markets worldwide.
Market analysts believe recent fluctuations are linked to investors booking profits after gold touched historic highs, temporarily increasing supply in international markets.
However, experts warn that the trend could reverse quickly as rising geopolitical tensions between Iran and the United States may push investors back toward safe-haven assets like gold.
Economists suggest that uncertainty in global financial markets and ongoing geopolitical risks could keep gold prices elevated, with the possibility of further increases in the coming days.
Also read: Gold Prices Surge in Pakistan Following Market Rally
