Gold Prices Soar in Pakistan and Global Markets

Gold prices saw a sharp increase in both global and Pakistani markets on Monday. The rise follows a surge in prices in the previous trading session. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), 24-karat gold in Pakistan rose by Rs2,700 per tola. This brought the price to Rs446,862. The price of 10 grams of 24-karat gold also climbed by Rs2,315, reaching Rs383,112.

The price of 22-karat gold also saw a significant increase. It rose by Rs2,122 per 10 grams to reach Rs351,198. This rise mirrors the global trend, where gold prices were driven up by steady investor demand. In the international market, gold saw a price increase of $27 per ounce. This brought the price to $4,245. The uptick reflects global interest in precious metals amid economic instability.

Economic uncertainty, shifting currency trends, and inflation have fueled the growing demand for gold. Investors are increasingly turning to gold as a safe-haven asset. The global surge in gold prices has directly impacted local markets. This includes significant increases in both 24-karat and 22-karat gold prices in Pakistan.

Alongside gold, silver prices also saw a boost. The price of 24-karat silver per tola increased by Rs54, reaching Rs5,963. Similarly, the price of 10 grams of silver rose by Rs46 to Rs5,112. The surge in silver prices follows the overall trend of precious metals rising due to strong investor interest.

Experts predict that precious metal prices may continue to rise in the short term. Investors are expected to remain cautious amid ongoing economic challenges. As long as uncertainty persists, demand for gold and silver will likely stay strong in both local and global markets.

READ MORE : Gold Prices Surge Sharply in Pakistan and Globally

The price of gold experienced a significant rise on Wednesday in both global and Pakistan markets. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold soared by Rs7,900 per tola, reaching Rs431,562. This surge in prices comes as global demand for gold remains steady, amid ongoing economic uncertainties.

The price of 10 grams of gold also saw an increase, climbing by Rs6,773 to Rs369,994. This sharp rise reflects the growing interest in gold as a safe-haven asset, particularly in times of market volatility. Meanwhile, silver prices followed suit, with the price per tola increasing by Rs177, bringing it to Rs5,422.