Gold prices in Pakistan rose sharply on Saturday, following gains in the international market. The price of gold per tola increased by Rs2,100, reaching Rs422,700. Meanwhile, 10-gram gold also saw a rise, selling at Rs362,397 after an increase of Rs1,800. These increases reflect a positive trend in global gold prices.
On Friday, gold prices had fallen by Rs4,578, closing at Rs420,600 per tola. However, Saturday’s rise reversed that decline, showing volatility in the market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the international price of gold also increased. It rose by $21, reaching $4,016 per ounce with a $20 premium.
Read more: Gold rates dip by Rs 4,578 per tola
Silver prices remained steady in Pakistan, with the price per tola holding at Rs5,100. This stability contrasts with the sharp movement in gold prices. Market experts say the global economic environment is driving these changes. Investors continue to watch precious metals closely amid economic uncertainties.
The rise in gold prices affects traders, jewelers, and consumers nationwide. Many are expected to react cautiously, waiting to see if the price trend continues. Meanwhile, international factors like currency fluctuations and geopolitical tensions influence prices. Local market players stay alert to these external developments.
Overall, the recent increase signals renewed interest in gold as a safe investment. It highlights the metal’s ongoing appeal during unstable times. Buyers and sellers are advised to monitor price movements carefully. This trend may impact Pakistan’s precious metals market in the coming days.