Pakistan Sees Continued Bullish Momentum In Gold

Gold in the domestic market of Pakistan continued its bullish trend on Saturday, aligning with the upward trajectory observed in the international market. The price per tola of gold experienced a notable increase of Rs1,600, reaching a settlement at Rs230,200. Simultaneously, the 10-gram gold price surged by Rs1,372, closing at Rs197,360 by the end of the current business week.

The international market also witnessed a substantial rise in the price of this precious metal, with the per ounce price reaching $2,198 after a noteworthy increase of $18.

Read more: Pakistan Sees Rs450 Per Tola Increase In Gold

In the preceding business day, the per tola gold price had surged by Rs450, settling at Rs228,600, while the 10-gram gold price had increased by Rs386, concluding at Rs195,988.

The persistent bullish momentum in the domestic gold market reflects the ongoing influence of global trends on local prices. Investors and traders are closely monitoring these fluctuations, and the consecutive increases highlight the significance of gold as a valuable commodity in both the domestic and international financial landscapes.