Gold Prices In Pakistan Witness Substantial Increase
Gold prices in Pakistan experienced notable increases on Thursday, aligning with the upward trend observed in international markets. According to data provided by the All Pakistan Gems and Jewellers Association, the price surged by Rs4,600, reaching a closing value of Rs232,400.
Similarly, the price of 10 grams of gold saw a significant rise, increasing by Rs3,943 to settle at Rs199,245 within the domestic market.
Read more:Â Gold Prices Drop Sharply In Pakistan
In the global market, the precious metal also exhibited a bullish trend, with the per-ounce price climbing to $2,225 following a $47 hike.
This surge in gold prices in Pakistan came after a day of sustained momentum, where the tola gold price increased by Rs500 to reach Rs227,800. Likewise, the price of 10 grams of gold rose by Rs429 to hit Rs195,302.
The remarkable increase in gold prices reflects both domestic and international factors influencing the market. As investors seek safe-haven assets amid economic uncertainties, the demand for gold remains robust, contributing to its elevated prices in both local and global markets.
