Gold prices in Pakistan recorded a sharp increase, reflecting the rising trend in the international bullion market. The price of gold per tola surged by Rs3,000 in a single day, reaching Rs497,662, causing concern among buyers and investors.
According to market data, the price of 10 grams of gold also increased significantly. It rose by Rs2,572, settling at Rs426,664, continuing the upward momentum seen over the past few days in local markets.
On the global front, gold prices also witnessed movement. The international rate increased by $30, bringing the price to $4,753 per ounce, including a premium of $20, indicating continued volatility in global trading.
Meanwhile, silver prices followed a similar trend in the domestic market. The price of silver per tola jumped by Rs1,300, reaching Rs8,014, further highlighting the overall rise in precious metal rates.
The recent surge comes just a day after gold prices had already seen a notable increase, suggesting ongoing fluctuations driven by international economic conditions and investor sentiment.
Experts believe that uncertainty in global markets, inflation concerns, and currency fluctuations are key factors driving the continuous changes in gold and silver prices, keeping traders cautious.
Also read: Gold Rates Surge in Pakistan as International Prices Climb
