Gold prices experienced a significant uptick in both domestic and global markets on Thursday, marking a strong rebound from recent fluctuations.
International Market Performance
In the international bullion market, gold prices climbed by $13, reaching $3,343 per ounce, signaling renewed investor interest.
Impact on Pakistan’s Local Market
The surge in global prices immediately influenced Pakistan’s gold rates. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA):
- 24-karat gold (per tola) rose by Rs 1,335, closing at Rs 356,000.
- 10 grams of gold increased by Rs 1,144, settling at Rs 305,212.
Silver Prices Also Rise
Silver followed the upward trend:
- Silver (per tola) gained Rs 86, reaching Rs 3,850.
- 10 grams of silver rose by Rs 73, ending at Rs 3,300.
Previous Market Trends
On Wednesday, domestic gold prices had seen a marginal increase:
- 24-karat gold (per tola) edged up by Rs 300, closing at Rs 354,665.
- 10 grams of gold increased by Rs 258, settling at Rs 304,068.
This recovery came after a sharp decline on Tuesday, when gold prices had dropped by Rs 3,800 per tola.
The latest surge reflects shifting market dynamics, with gold regaining momentum amid global economic trends.
