Gold prices continued their upward trend in Pakistan on Thursday, marking the second consecutive day of gains. The increase followed another modest rise in international bullion prices, supporting the local market.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of Gold per tola increased by Rs. 400. After the latest rise, the new rate reached Rs. 425,436 per tola.
The price of 10 grams of Gold also moved higher during the day. It increased by Rs. 434, bringing the new price to Rs. 364,742.
The latest increase comes one day after another notable gain in the domestic market. On Wednesday, Gold prices climbed by Rs. 900 per tola, closing at Rs. 425,036. Thursday’s increase extended the positive trend and pushed prices to a new level.
International bullion prices also recorded a slight increase. In the global market, the price of Gold rose by $4 per ounce. The international rate settled at $4,030 per ounce, providing additional support to local prices.
Pakistan’s domestic Gold market generally follows global price movements while also reflecting changes in the exchange rate and local demand. Even small movements in international prices can influence local trading activity.
The latest rise indicates that Gold continues to attract attention from investors and buyers. Many people monitor daily price changes before making purchasing or investment decisions, especially during periods of market uncertainty.
While Gold prices moved higher, silver followed a different direction. According to the latest market data, silver prices declined on Thursday.
The price of silver dropped by Rs. 134 per tola, bringing the new rate to Rs. 6,155 per tola. This decline came despite the increase in Gold prices during the same trading session.
Jewelry traders and investors continue to closely watch both domestic and international precious metal markets. Changes in global prices often have a direct impact on local rates in Pakistan.
The All Pakistan Sarafa Gems and Jewelers Association regularly announces updated prices based on international market trends and other market factors. These rates serve as the benchmark for Gold trading across the country.
With Gold posting gains for a second consecutive day, market participants will continue monitoring global developments for further price direction. Any movement in international bullion prices could influence domestic rates in the coming trading sessions.
In other related news also read Big Increase in Gold Prices in Pakistan
The latest increase highlights the close connection between Pakistan’s precious metals market and international price trends. As global Gold prices continue to fluctuate, local buyers and investors are expected to keep a close watch on future market movements.
