Gold prices in Pakistan rose sharply on Wednesday, following gains in the international market. The price of gold per tola jumped by Rs3,700 to reach Rs364,900, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Meanwhile, the 10-gram gold rate increased by Rs3,171, closing at Rs312,842.
On Tuesday, the gold price per tola remained steady at Rs361,200 before the sudden rise. Globally, gold also gained value, trading at $3,424 per ounce with a $20 premium. This marked an increase of $37 compared to previous rates.
Silver prices in Pakistan also edged up, with the rate per tola rising by Rs46 to reach Rs4,081. This follows a trend of precious metals gaining momentum worldwide.
The increase in local gold and silver prices reflects ongoing fluctuations in the global markets. Investors and traders continue to watch the precious metals closely amid economic uncertainties.
Experts advise buyers to monitor prices carefully and consider market trends before making purchases. The recent surge may affect jewelry demand and investment decisions in Pakistan.