Gold prices rose sharply in Pakistan on Saturday, following gains in the international market. The price of gold per tola increased by Rs2,100, reaching Rs409,878. Similarly, 10 grams of gold was sold at Rs351,404, up by Rs1,801 during the day. These rates were shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On the previous day, gold per tola was priced at Rs407,778, showing a steady upward trend.
The international gold price also saw an increase, adding to the local surge. According to APGJSA, the global rate stood at $3,886 per ounce, with a premium of $20. This marked a $21 rise compared to previous rates. The rise in international prices directly impacted local markets, driving gold prices higher across Pakistan. Traders and investors showed increased activity in response to these shifts.
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Alongside gold, silver prices also climbed modestly on Saturday. The price of silver per tola went up by Rs57, reaching Rs4,896. This rise reflects global trends in precious metals and increased demand. Market watchers expect silver prices to remain stable or increase further in the coming days. Both metals remain attractive investment options amid economic uncertainties.
The steady increase in gold prices indicates strong market demand and inflation concerns. Investors often turn to gold as a safe haven during uncertain times. Pakistan’s gold market remains closely tied to international price movements. Experts advise keeping an eye on global trends to predict future price changes.