Gold prices in Pakistan continued their upward trend on Wednesday. The per tola rate climbed by Rs 2,300, reaching Rs 528,562. This rise follows an earlier increase earlier this week.
Gold is becoming more expensive for buyers. The price of 10 grams also went up by Rs 1,972. It now stands at Rs 453,156.
This rise is mainly due to strong international trends and currency fluctuations. Local markets often follow global price movements.
International Gold Rally Pushes Local Prices Higher
Gold’s international value also saw gains. The global market price rose by $15, reaching $5,035 per ounce. This increase helped push domestic gold prices higher.
Analysts say the local gold market is strongly linked to global demand. When international prices rise, Pakistan’s gold rates usually follow.
Currency value also plays a major role. The fluctuating Pakistani rupee has added pressure to gold rates. A weaker rupee makes imports costlier. This, in turn, raises local gold prices.
Bullion traders expect this trend to continue. They believe gold will stay sensitive to global market changes.
Silver Prices Hold Steady as Investors Watch Global Trends
While gold surged, silver prices remained stable on Wednesday. The current silver rates are:
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Rs 8,965 per tola
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Rs 7,684 per 10 grams
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Rs 768.4 per gram
Silver prices in Pakistan change daily. They follow international market movements and demand trends.
Several factors affect silver prices, including global supply, inflation, and government policies. The value of the US dollar also influences silver rates.
Many investors view silver as a long-term hedge. This is despite short-term price volatility.
What Experts Predict for the Coming Days
Bullion traders expect both gold and silver to stay volatile. Global market developments will continue to impact local prices.
Currency fluctuations remain a major factor. If the rupee weakens further, gold may rise again. Conversely, if the rupee strengthens, gold prices could stabilize.
Investors are closely watching international trends. Any major economic event can affect precious metal prices.
For now, gold continues its upward momentum while silver holds steady. Traders say the market remains sensitive and uncertain.
