Gold prices in Pakistan moved higher on Wednesday, following strong gains in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs14,800 to reach Rs529,162.
Similarly, the price of 10 grams of gold rose by Rs12,689, reaching Rs453,671. This follows a sharp jump the previous day, when the per tola rate had climbed Rs24,000 to Rs514,362, reflecting ongoing upward momentum in the local market.
The surge in domestic gold prices aligns with trends in the international market, where gold gained $148 to reach $5,064 per ounce, including a $20 premium. Analysts said global factors, including investor demand and market volatility, are driving gold prices higher, which is now reflected in Pakistan’s market.
Silver prices in the domestic market also experienced modest gains. The price of silver per tola increased by Rs109 to Rs9,255, continuing the upward trend in precious metals alongside gold.
Market experts suggest that investors often turn to gold and silver during periods of financial uncertainty or currency fluctuations, which could explain the recent surge. Traders have urged buyers to monitor the market closely, as prices are likely to remain volatile in the coming days.
The APGJSA recommended that citizens check updated rates before making purchases or sales, as the precious metals market continues to respond to international cues and domestic demand patterns.
Also read: Gold and Silver Prices Today
