Gold Price
Gold prices in Pakistan witnessed a significant surge on Friday, rebounding sharply after a brief dip the previous day. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola jumped by Rs2,500, bringing the new rate to Rs357,600 in the local market. The 10-gram gold price also saw a notable rise of Rs2,143, settling at Rs306,584.
This marked increase comes after Thursday’s slight correction, when gold prices had declined by Rs900 per tola, closing at Rs355,100. The sharp recovery indicates a renewed bullish sentiment in the domestic precious metals market, driven largely by external global factors.
Internationally, gold prices also experienced a notable rise, reaching $3,351 per ounce with an additional $20 premium. This reflected a $25 increase in global gold rates, which directly influenced the upward trend in Pakistan’s bullion market.
Analysts attribute the rise to growing uncertainty in global financial markets, ongoing concerns over inflation, and continued currency fluctuations, all of which have pushed investors toward safe-haven assets like gold.
Silver prices in the domestic market also followed suit. The price per tola of silver increased by Rs48, now standing at Rs4,012. The 10-gram silver rate similarly climbed, reflecting increased interest in precious metals across the board.
Jewellers and market experts suggest that the heightened activity signals strong investor interest and growing consumer demand.
The sharp movement in both gold and silver rates is being closely monitored by traders and buyers alike, as shifting global economic indicators continue to influence local pricing dynamics.
With inflation fears and currency instability looming over global markets, precious metals are once again emerging as preferred investment options. The recent surge suggests that gold may continue to hold upward momentum in the days ahead, particularly if global uncertainty persists.
