Gold prices in Pakistan rose sharply on Saturday, following increases in the international market. The price per tola reached Rs456,162 after gaining Rs1,300. Similarly, 10-gram gold was sold at Rs391,085, up Rs1,115 from Friday, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Friday, gold had fallen by Rs900 per tola, showing market volatility. Experts say the rise reflects strong demand and global price movements. International gold rates increased by $13 per ounce, reaching $4,338 with a $20 premium. These gains directly influenced local gold prices across Pakistan’s major cities.
Read more: Gold price surges by Rs 2,600 per tola
Analysts noted that investor interest remains high due to economic uncertainty and currency fluctuations. Many buyers prefer gold as a safe-haven investment during inflationary periods. As a result, gold shops reported increased sales and inquiries on Saturday, contributing to price stability despite global market swings.
Silver prices also rose in tandem with gold. The price of silver increased by Rs139, reaching Rs6,987 per tola. This parallel movement reflects the broader trend in precious metals, which investors often monitor together for market insights and hedging strategies.