Gold prices in Pakistan rose sharply on Thursday, following a strong increase in the international market. The price of gold per tola jumped by Rs4,000 and reached Rs356,900, marking a significant daily gain. This rise reflects growing demand and international market trends pushing prices higher.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10 grams of gold also became more expensive. It gained Rs3,430 in a single day and was sold at Rs305,984. This increase shows the continued strength of gold as a preferred investment in the country.
On the previous day, Wednesday, gold prices had also risen, though more moderately. The price per tola increased by Rs600 and closed at Rs352,900. This steady upward movement has investors closely watching the market.
International gold prices also climbed, boosting local rates further. The price stood at $3,375 per ounce with a $20 premium, reflecting a $30 rise from the previous level. This global increase influenced Pakistan’s gold market directly.
Meanwhile, silver prices in Pakistan remained stable. The price per tola stayed at Rs3,745, showing no significant change amid the fluctuations in gold prices. This stability contrasts with the sharp gold price movements, giving investors options in the metals market.