Gold prices in Pakistan rose sharply on Wednesday, following a similar trend in the international market. The price of gold per tola increased by Rs1,300, reaching Rs359,300. This rise came after a recent dip, showing renewed strength in the precious metal market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price for 10 grams of gold also climbed, gaining Rs1,114 to reach Rs308,041. On the previous day, gold prices had fallen by Rs1,500 per tola, settling at Rs358,000. This recent increase reversed that downward trend.
Globally, gold prices rose by $13 per ounce, reaching $3,366 with an additional premium of $20. This international boost supported the local market gains in Pakistan. The global increase reflects ongoing demand and market uncertainties that often drive investors toward safe-haven assets like gold.
Silver prices also saw a modest rise, with the price per tola going up by Rs39 to Rs4,010. This increase followed a pattern similar to gold, influenced by the global metals market and currency fluctuations.
Overall, the precious metals market in Pakistan showed positive momentum today, giving investors and buyers reason to stay alert to further changes amid global economic trends.