Gold prices in Pakistan increased on Wednesday, with 24-karat gold reaching Rs358,100 per tola. This rise reflects movements in the international market. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold rose by Rs200 per tola compared to the previous day.
The 10-gram rate for 24-karat gold also saw an increase. It went up by Rs171, reaching Rs307,013. Meanwhile, 22-karat gold was priced at Rs281,438 per 10 grams, showing a rise of Rs157.
Internationally, gold prices remained cautious. The global gold rate was $2,354 per ounce, slightly higher by $2. Experts say the uncertain global economy and ongoing geopolitical events continue to affect gold prices. Investors watch closely for economic data from the United States and other major markets.
Silver prices also followed an upward trend in Pakistan. The price of 24-karat silver increased by Rs59 to Rs4,072 per tola. For 10 grams of silver, the price rose by Rs51 to Rs3,491. On the international stage, silver was priced at $38.39 per ounce, up by $0.59.
Market analysts suggest that gold remains a safe investment amid global uncertainties. Political tensions and inflation fears often drive investors to buy gold, increasing its demand and price. Pakistan’s gold market continues to reflect these global trends.
In summary, gold prices in Pakistan rose steadily today, driven by international market factors. With global uncertainties ongoing, gold remains a preferred choice for investors. This trend is likely to continue in the near future.
In other related news also read Gold Rate in Pakistan Increases After Three-Day Decline
