The price of 24 karat gold in Pakistan recorded a sharp increase on Thursday, rising by Rs. 3,200 per tola, according to the All Pakistan Sarafa Gems and Jewelers Association. The new gold rate stands at Rs. 354,700 per tola, up from Rs. 351,500 on the previous trading day.
The price for 10 grams of 24 karat gold also jumped by Rs. 2,744, reaching Rs. 304,098, while 10 grams of 22 karat gold rose by Rs. 2,515 to settle at Rs. 278,766.
Read more: Gold Prices Surge Again in Pakistan
Silver rates saw a modest gain as well. The price per tola of silver increased by Rs. 10, reaching Rs. 3,851, and the rate for 10 grams of silver rose by Rs. 8, now priced at Rs. 3,301.
In the international market, gold prices climbed $32, bringing the global rate to $3,324 per ounce, up from $3,292. Silver followed suit with a $0.10 increase, pushing the global price to $36.67.
This surge in gold prices reflects renewed interest from both local and international investors amid global economic uncertainties. Rising demand, currency fluctuations, and inflation fears are fueling the upward trend in gold prices in Pakistan.
Analysts suggest that the current momentum may continue if the international market remains bullish. Buyers and investors are advised to track fluctuations closely, especially with ongoing changes in global economic policy and local currency valuation.
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