Gold prices continued their upward momentum in Pakistan, registering another significant increase as international bullion markets witnessed strong gains.
According to the latest market data, the price of 24-karat gold per tola surged by Rs. 4,370, reaching Rs. 444,336. The price of 10 grams of gold also climbed by Rs. 3,933 to settle at Rs. 379,880. This marks the second major increase in gold prices in consecutive trading sessions.
The sharp rise follows increased activity in global precious metals markets, where gold prices gained $43 per ounce and reached $4,219 per ounce. Analysts attribute the rally to growing investor demand for safe-haven assets amid economic uncertainty and geopolitical tensions.
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Silver prices also moved higher alongside gold. The price of silver increased by Rs. 200 per tola, reaching Rs. 7,279 in the local market.
Market experts believe that concerns over inflation, global economic conditions, and ongoing geopolitical developments continue to support demand for precious metals. Gold remains a preferred investment option during periods of uncertainty, helping sustain its strong performance in international markets.
The latest increase comes after recent fluctuations in domestic gold rates, highlighting the volatility of both local and international bullion markets. Investors and traders are expected to keep a close watch on global economic developments and central bank policies, which could influence gold prices in the coming weeks.
