KARACHI, Feb 19 – Gold prices in Pakistan rose sharply on Thursday, mirroring gains in the international market. The local price per tola reached Rs523,962 after increasing by Rs7,900 during the day, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, 10-gram gold was sold at Rs449,212, up Rs6,773 from the previous day.
On Wednesday, gold had already climbed to Rs516,062 per tola, gaining Rs1,300 amid steady demand. Market analysts attribute the sharp rise on Thursday to strong international rates, which surged by $79 to reach $5,012 per ounce, coupled with a premium of $20. Traders noted that the upward momentum in the global market continues to influence local pricing.
Meanwhile, silver prices in Pakistan also increased, with the rate per tola rising by Rs358 to reach Rs8,404. The sustained gains in both gold and silver reflect broader investor sentiment favoring precious metals amid global economic uncertainties. Experts suggest that rising international rates and safe-haven demand are likely to keep local gold and silver prices elevated in the near term.
Investors and traders are closely monitoring the international bullion market, noting that fluctuations in global prices directly affect local rates. The APGJSA emphasized that market participants should remain alert to both domestic and international factors that influence precious metal pricing, including currency trends and global economic developments.
