ISLAMABAD: Gold prices in Pakistan rose sharply on Thursday, tracking gains in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs1,900, reaching Rs442,800 in the local market.
10-Gram Gold Also Gains Value
Similarly, the price of 10-gram gold climbed by Rs1,629 to sell at Rs379,629. The rise reflects continued investor demand amid global economic uncertainty and fluctuations in the international bullion market.
Rebound After Wednesday’s Decline
A day earlier, gold prices had dropped significantly. On Wednesday, the price per tola fell by Rs4,578 to close at Rs420,600. Thursday’s rebound indicates renewed strength in the market following the previous day’s correction.
Global Gold Prices Continue Upward Trend
In the international market, gold prices also increased, reaching $4,217 per ounce, including a $20 premium. The global price gained $19 during the day, mirroring the strong upward momentum observed in domestic trading.
Silver Prices Remain Stable
Meanwhile, silver prices remained unchanged. The price per tola held steady at Rs5,337, showing no variation despite the movement in gold rates.
Market Outlook
Analysts believe that rising geopolitical tensions and fluctuations in the dollar rate are keeping gold prices volatile. Investors continue to prefer gold as a safe-haven asset amid uncertain global conditions.
