The gold price in Pakistan increased on Saturday after a short two-day pause, reflecting movements in both domestic and global markets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola rose by Rs1,700, reaching Rs390,300. Similarly, the price of 10 grams of gold increased by Rs1,458, taking it to Rs334,619.
Global gold markets also experienced gains. The price of gold per ounce rose by $17 to reach $3,685. Analysts attribute this increase to stronger international demand and ongoing economic uncertainties.
Silver prices in Pakistan followed the same upward trend. A tola of 24-karat silver increased by Rs114 to Rs4,532, while 10 grams of silver sold for Rs3,885.
Investors and traders are closely watching precious metals, as fluctuations in gold and silver prices influence both investments and consumer purchases. The rising gold price in Pakistan highlights growing demand for safe-haven assets amid global economic pressures.
Market experts suggest that prices may continue to fluctuate in the coming days due to factors like currency valuation, international demand, and inflation rates. Many buyers prefer investing in gold during periods of financial uncertainty to protect their wealth.
Overall, the increase in gold price shows both the impact of global economic trends and the importance of precious metals as a secure investment option. Consumers and investors are advised to stay updated with daily market rates before making purchases.
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