Gold prices recorded another increase in Pakistan on Saturday, following gains in the international bullion market. The latest rise pushed local gold rates higher, while silver prices also moved upward.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola increased by Rs. 1,100, taking the new rate to Rs. 433,536.
Similarly, the price of 10 grams of gold rose by Rs. 943, reaching Rs. 371,687. The latest increase comes a day after gold prices also climbed on Friday, when the price per tola gained Rs. 1,400 to close at Rs. 432,436. The continued upward trend reflects stronger performance in the global precious metals market.
In the international market, the price of gold increased by $11 per ounce, ending the week at $4,111 per ounce. Market analysts attributed the rise to ongoing global demand for safe-haven assets and fluctuations in international economic conditions.
Silver prices also registered an increase in Pakistan. The price of silver per tola went up by Rs. 30, reaching Rs. 6,462 on Saturday.
Gold prices in Pakistan are closely linked to movements in the international bullion market, as well as changes in the exchange rate of the Pakistani rupee against the US dollar. As a result, any fluctuation in global gold prices or currency values can directly affect local rates.
The latest increase means buyers and investors will have to pay more for gold jewellery and bullion. Market observers will continue to monitor international trends, geopolitical developments, and currency movements, which are expected to influence gold and silver prices in the coming days.
Also Read: Big Increase in Gold Prices in Pakistan
