Islamabad — Gold prices recorded a modest increase across Pakistan bullion markets, reflecting a similar upward trend in the international market.
According to the All Pakistan Gems and Jewellers Association, the price of gold per tola rose by Rs1,000, reaching Rs523,762. Meanwhile, the price of 10 grams of gold increased by Rs857 to settle at Rs449,041.
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Market analysts attribute the rise in local gold prices to fluctuations in global rates as well as currency movements. The increase comes amid continued uncertainty in international markets, where investors often turn to gold as a safe-haven asset.
In the global market, gold prices also witnessed a slight uptick. The price per ounce increased by $10, reaching $5,010. The upward movement in international prices has a direct impact on domestic bullion rates in Pakistan, as local markets largely follow global trends.
Traders noted that while the increase is relatively small, it reflects ongoing volatility in the precious metals market. Factors such as geopolitical tensions, inflation concerns, and shifts in interest rates continue to influence gold prices worldwide.
Bullion dealers in major cities including Karachi, Lahore, and Islamabad reported steady trading activity, with buyers showing cautious interest due to the high price levels. Some investors are opting to wait for potential corrections before making large purchases.
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Experts suggest that gold may continue to experience fluctuations in the coming days, depending on global economic developments and investor sentiment. However, they believe that the metal will remain an attractive investment option in uncertain times.
Overall, the slight rise in gold prices highlights the continued sensitivity of both local and international markets to broader economic trends.