The price of gold experienced a significant increase in both the global and Pakistani markets on Saturday. After two days of stability, the price of 24-karat gold surged by Rs5,300 per tola in Pakistan, reaching Rs444,162. This rise followed a global uptick in gold prices, driven by steady investor demand.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 10 grams of 24-karat gold also climbed by Rs4,544, bringing it to Rs380,797. Similarly, the price of 22-karat gold saw a rise of Rs4,165 per 10 grams, reaching Rs349,076.
In the international market, gold prices saw a notable increase of $53 per ounce. The precious metal closed at $4,218 per ounce, reflecting ongoing global interest amid economic uncertainty and fluctuating currencies.
Silver prices also followed a similar trend. The price of 24-karat silver per tola increased by Rs267, reaching Rs5,909. Meanwhile, the price of 10 grams of 24k silver rose by Rs229, totaling Rs5,066.
Experts attribute the surge in gold and silver prices to steady investor demand and broader economic concerns. As the global market remains volatile, precious metals continue to attract attention as safe-haven investments.
