Gold prices in Pakistan recorded another strong increase on Thursday. The rise continued for the second consecutive day. Market trends showed volatility in global bullion markets.
According to the All Pakistan Sarafa Gems and Jewelers Association, Gold per tola increased significantly. The price rose by Rs. 7,800. It reached Rs. 496,762 in the local market.
Over the last two days, Gold prices have increased by nearly Rs. 19,000 per tola. This sharp rise reflects ongoing uncertainty in global financial conditions.
Experts linked the increase to international market movements. They said geopolitical tensions are affecting investor behavior. Expectations around a possible Iran-US deal also influenced the trend.
In addition, safe-haven demand for Gold remains strong. Investors are turning to Gold due to global uncertainty. This is pushing prices higher in both local and international markets.
The price of 10 grams of Gold also increased in Pakistan. It rose by Rs. 6,687. The new price reached Rs. 425,893.
Silver prices also showed an upward trend. Per tola silver increased by Rs. 373. It reached Rs. 8,445 in the local market.
In the international bullion market, Gold saw a notable jump. The price increased by $78 per ounce. Global rates reached $4,744 per ounce.
Market analysts said uncertainty is driving demand for Gold. Concerns include Middle East tensions and global economic stability. These factors continue to support higher prices.
They added that investors are closely watching diplomatic developments. Any change in Iran-US negotiations may further impact Gold rates.
The rising trend in Gold has also affected local buyers. Jewelers reported reduced purchasing activity due to high prices. Many consumers are waiting for market stabilization.
Financial experts believe Gold may remain volatile in the coming days. Global political and economic developments will play a key role.
In other related news also read Gold Prices Remain Volatile Amid Global Uncertainty
For now, Gold continues its upward momentum. Both local and international markets are showing strong price fluctuations.
