Gold prices in Pakistan increased on Thursday following a rise in the international market. The per tola price rose by Rs3,000, reflecting upward global pressure. Consumers and jewellers were directly affected by the sudden increase.
According to the All Pakistan Gems and Jewellers Sarafa Association, gold per tola reached Rs497,662. The price of 10-gram gold also rose by Rs2,572 to Rs426,664. Market participants linked the rise to international bullion trends.
Read more: Gold prices drop sharply in Pakistan
In the previous session, gold prices had recorded a sharp decline of Rs9,500 per tola. However, the market reversed direction as global rates strengthened. Analysts noted continued volatility in bullion trading. Investors remain sensitive to international price movements.
Internationally, gold increased by $30 to reach $4,753 per ounce, including a $20 premium. The upward movement in global markets directly influenced local pricing in Pakistan. Traders expect further fluctuations in coming sessions. Market uncertainty continues to drive price swings.
Read more: Gold prices decline by Rs 9,500 per tola
Meanwhile, silver prices also moved upward in the local market. The price of silver per tola increased by Rs130 to reach Rs8,014. Experts say precious metals may remain volatile amid global economic uncertainty.