Gold prices in Pakistan surged on Thursday, tracking a strong rise in international markets. The increase pushed the per tola rate to Rs483,962, signaling renewed volatility in precious metals. Jewellers, investors, and consumers across the country felt the immediate impact of rising costs.
In the local bullion market, gold per tola gained Rs4,400 during the day. As a result, 10-gram gold prices climbed to Rs414,919, reflecting a Rs3,772 increase. The rates were issued by the All-Pakistan Gems and Jewellers Sarafa Association, which tracks daily movements.
Read more: Gold prices decline by Rs 5,500 per tola
Meanwhile, the upward trend follows a sharp decline recorded on Wednesday, when gold per tola dropped Rs5,500. Market fluctuations continue to influence investor sentiment, with buyers closely monitoring daily price swings. Consequently, short-term trading activity has increased in response to volatility.
Internationally, gold prices rose by $44 per ounce, reaching $4,616 with an added premium of $20. This global surge directly influenced domestic rates, as Pakistan relies on international benchmarks. Therefore, any external market shift quickly reflects in local bullion prices.
Read more: Gold prices decline by Rs 8,900 per tola
In addition to gold, silver prices also moved upward, gaining Rs55 per tola to settle at Rs7,821. Although less volatile, silver remains sensitive to global trends. Analysts expect continued fluctuations amid uncertain economic conditions and evolving investor demand.