The gold price in Pakistan witnessed a notable increase on Thursday, reflecting upward trends in the global bullion market. Local investors and buyers saw fresh changes in gold rates across major cities.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the gold price in Pakistan per tola increased by Rs3,000 during the day, reaching Rs497,662. This rise has once again highlighted the volatility in the domestic gold market.
Similarly, the price of 10-gram gold also moved upward. The gold price in Pakistan for 10 grams was recorded at Rs426,664 after an increase of Rs2,572, indicating strong alignment with international market movements.
Market analysts link this surge to fluctuations in global bullion rates. The international gold price also rose by $30 per ounce, reaching $4,753, which directly influenced the gold price in Pakistan in local trading sessions.
Earlier in the week, the gold market had seen sharp fluctuations, including a notable drop of Rs9,500 per tola. However, the recent recovery shows renewed investor interest and global demand pressures.
Silver prices also moved upward alongside gold. The rate of silver increased by Rs130 per tola, reaching Rs8,014, further reflecting broader precious metals market trends.
Overall, the latest changes in the gold price in Pakistan indicate continued sensitivity to international market movements, currency fluctuations, and investor demand in the local bullion market.
