Gold prices in Pakistan recorded a sharp increase on Thursday, reflecting an upward trend in the international bullion market. The rise pushed the price of gold significantly higher in local markets, drawing attention from investors and traders alike.
According to the latest figures, the price of gold per tola surged by Rs4,400, reaching Rs483,962. This increase highlights the volatility in gold prices in Pakistan, which often mirror global market movements and currency fluctuations.
Similarly, the price of 10 grams of gold also climbed, gaining Rs3,772 to settle at Rs414,919. These updated rates were provided by the All-Pakistan Gems and Jewellers Sarafa Association, which regularly tracks precious metal prices across the country.
The latest surge comes after a notable decline just a day earlier, when gold prices dropped by Rs5,500 per tola. This back-and-forth movement underscores the dynamic nature of gold prices in Pakistan and the broader global market.
Internationally, gold prices witnessed a strong increase, rising by $44 per ounce to reach $4,616. The global rate included a premium of $20, further influencing domestic pricing trends in Pakistan.
Meanwhile, silver prices also followed an upward trajectory in the local market. The price of silver per tola increased by Rs55, reaching Rs7,821, indicating a parallel trend in precious metals.
Market experts suggest that fluctuations in gold prices in Pakistan are closely linked to global economic conditions, currency exchange rates, and investor sentiment. As uncertainty persists, further changes in gold and silver prices are expected in the coming days.
