Gold prices in Pakistan saw a slight increase on Saturday after falling for five consecutive days, providing relief to local investors and traders. The rise comes amid renewed global demand and investor interest in precious metals.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola increased by Rs1,800, reaching Rs433,662 in the domestic market. The rate for 10 grams of 24-karat gold rose to Rs371,795, reflecting a gain of Rs1,543. Similarly, 10 grams of 22-karat gold climbed by Rs1,414, reaching Rs340,824.
In the international market, gold prices also moved upward. The price per ounce rose by $18, reaching $4,113, as investors sought safe-haven assets amid economic uncertainty and fluctuating currencies. Analysts noted that expectations of changing interest rates and the appreciation of the US dollar contributed to the increase in global gold demand.
Alongside gold, silver prices in Pakistan also rose. The rate of 24-karat silver per tola increased by Rs57, reaching Rs5,124, while 10 grams of silver were sold at Rs4,393. The simultaneous rise in precious metals indicates a growing preference among investors for safe investments during market volatility.
Market experts believe that the recent rise in gold prices may continue if global economic uncertainty persists. Factors such as inflation, currency fluctuations, and changes in interest rate expectations are likely to influence investor behavior and precious metal prices in Pakistan.
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This uptick breaks the five-day downward trend, offering optimism to gold traders and investors. The rise also underscores the importance of gold as a stable asset in uncertain economic times.
