Gold Prices Rise Sharply in Pakistan and Global Market

Gold prices in Pakistan have jumped once again after a short two-day pause. On Saturday, the price of 24-karat gold per tola rose by Rs2,800. It now stands at Rs390,300, according to the All Pakistan Sarafa Gems and Jewellers Association. Meanwhile, the price of 10 grams of gold increased by Rs1,458, reaching Rs334,619. This rise follows earlier fluctuations observed throughout the month.

In global markets, gold prices also recorded a noticeable increase. The price of gold per ounce went up by $17. It now stands at $3,685, marking another significant move in international trading. Analysts believe growing global demand and uncertain economic trends may be driving this upward momentum. This global increase has directly impacted local markets as well.

Silver prices in Pakistan followed a similar path. The price of one tola of 24-karat silver increased by Rs114, reaching Rs4,532. Likewise, 10 grams of silver rose to Rs3,885, showing a steady climb in demand. These increases reflect broader changes in the precious metals market.

Many traders and jewellers attribute the price hike to international market pressures. Currency exchange rates and rising inflation also play a role. With global tensions and shifting investment patterns, gold and silver are becoming safer assets again. As a result, local markets are adjusting rapidly.

Looking ahead, experts predict further changes in gold and silver prices. Investors are advised to monitor the market closely. Although rates are rising, demand remains strong. Whether this trend continues will depend on both local and international developments.