The Gold Price in Pakistan recorded a notable increase on Saturday, with the rate of one tola rising by Rs1,300 to reach Rs476,162. The upward movement came in response to gains in the international bullion market, reflecting continued fluctuations in precious metal prices.
According to the latest rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the increase was observed across major local markets. Traders reported steady interest in gold as investors continued to monitor global economic developments and commodity trends.
The price of 10 grams of gold also moved higher during the trading session. After an increase of Rs1,115, the rate reached Rs408,232. The latest adjustment follows recent volatility in domestic gold prices, which have experienced both gains and declines over the past week.
A day earlier, the Gold Price in Pakistan had fallen by Rs500 per tola, settling at Rs474,862. The latest rebound erased that decline and pushed prices closer to record levels. Market analysts say local gold rates continue to be heavily influenced by movements in international markets and currency trends.
Globally, gold prices strengthened as the international rate increased by $13 per ounce. The precious metal was reported at $4,538 per ounce, including a premium of $20. Rising international demand and investor interest helped support the increase in global bullion prices.
Experts note that the Gold Price in Pakistan often mirrors changes in international markets. Factors such as geopolitical uncertainty, inflation concerns, and investor demand for safe-haven assets continue to play an important role in determining gold prices worldwide.
While gold registered gains, silver moved in the opposite direction. The price of silver declined by Rs21 per tola, bringing the rate down to Rs8,013. Market participants are expected to closely watch global developments in the coming days for further direction in precious metal prices.
