Gold prices recorded another sharp increase in Pakistan on Saturday following a rise in international bullion rates during the trading session.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola in Pakistan increased by Rs4,370, reaching Rs444,336. The increase marks a fresh upward trend in the domestic bullion market after recent fluctuations.
Similarly, the price of 10 grams of gold also saw a significant rise of Rs3,933, settling at Rs379,880. Market analysts link the increase to volatility in global gold prices, which directly impacts local trading rates in Pakistan.
Just a day earlier, gold had witnessed a notable decline. On Friday, prices dropped by Rs7,250, settling at Rs439,880 per tola, highlighting ongoing instability in the precious metals market.
In the international market, gold prices rose by $43 to reach $4,219 per ounce. The global increase has been attributed to shifting investor sentiment and uncertainty in broader economic conditions, which often drive demand for safe-haven assets like gold.
Meanwhile, silver prices also moved upward in the local market. Silver gained Rs200 per tola on Friday, closing at Rs7,279. Traders say the parallel movement in silver reflects broader trends in precious metals, which continue to respond to global market dynamics and currency fluctuations.
Also read: Gold Price in Pakistan Drops Slightly — Market Update
