The price of gold surged significantly in both the global and Pakistan markets on Saturday. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), 24-karat gold rose by Rs2,300 per tola, reaching Rs428,862. This surge in price followed global trends, as steady investor demand continued to drive the market.
In the international market, gold prices also saw a notable increase. The price of gold per ounce rose by $23, closing at $4,035. This uptick reflects sustained global interest in precious metals, driven by economic uncertainty and shifting currency trends.
In Pakistan, the price of 10 grams of gold also climbed. It increased by Rs1,972, reaching Rs367,680. The rise in prices highlights a growing trend in the precious metals market, which is closely tied to global market movements and investor sentiment.
Silver prices followed a similar path. The price of 24-karat silver increased by Rs48 per tola, reaching Rs5,270. Similarly, the price of 10 grams of silver also saw a hike, rising to Rs4,518.
The steady rise in both gold and silver prices highlights ongoing market volatility. Investors are seeking safe-haven assets amid global economic uncertainties, particularly in the wake of shifting currency values and market conditions.
