Gold Prices Surge in Pakistan, Per Tola Rate Crosses Rs. 472,000

Gold prices in Pakistan witnessed a significant surge during the latest trading session, surprising both investors and buyers across the country. The increase reflects ongoing volatility in the precious metals market.

According to the All Pakistan Gems and Jewelers Association, the price of gold per tola rose by Rs. 4,800, reaching a new level of Rs. 472,062. This marks a notable jump compared to previous trading days.

Similarly, the price of 10 grams of gold increased by Rs. 4,116, bringing it to Rs. 404,717. Market experts link this rise to international price movements and currency fluctuations.

In the global market, gold prices also moved upward, with the per ounce rate increasing by $48 to reach $4,493. Analysts attribute this trend to economic uncertainty and rising demand for safe-haven assets.

Experts suggest that inflation, weakening local currency, and global financial pressures are key drivers behind the rising gold prices. Investors often turn to gold during uncertain economic conditions.

Meanwhile, silver prices remained unchanged in the domestic market. The rate per tola of silver stood stable at Rs. 7,454, according to the association.