ISLAMABAD – Gold prices in Pakistan rose significantly on Wednesday, reflecting strong upward momentum in the international market. Local bullion traders reported a sharp increase in both per tola and per 10 grams rates.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs3,700, reaching Rs543,262 in the local market. Similarly, the price for 10 grams of 24-karat gold rose by Rs3,172, bringing it to Rs465,759.
Traders noted that the surge in domestic gold prices closely follows global trends. In the international market, gold prices increased by $37 per ounce, reaching $5,205. Analysts explained that domestic gold rates are largely influenced by international bullion prices and currency exchange fluctuations.
The increase in gold prices has attracted attention from investors looking for safe-haven assets amid economic uncertainty. Jewellery businesses and bullion traders are also adjusting rates to match the international market trend.
In contrast, silver prices remained stable in both local and international markets. The price of silver per tola in Pakistan stayed at Rs9,354, while 10 grams remained steady at Rs8,019. On the global front, silver traded at $88.70 per ounce, showing no change from the previous session.
Experts say that the rise in gold prices often reflects investor sentiment and global economic conditions. Factors such as currency fluctuations, inflation concerns, and geopolitical tensions can directly impact bullion demand and pricing.
Jewellers in Pakistan have urged customers to monitor market rates closely before making purchases. Many are advising investors to consider both local and international trends before buying gold.
With the continued upward movement, gold prices are expected to remain volatile in the short term. Traders and investors are keeping a close eye on the international bullion market for further changes.
In other news read more about Gold Prices Rise in Pakistan Amid Global Uncertainty
The latest increase highlights how global market dynamics continue to shape domestic gold rates, affecting both investors and everyday buyers in Pakistan.
