Gold prices in Pakistan witnessed a sharp upward movement, leaving buyers and investors surprised as rates touched new historic levels. The sudden jump comes amid rising prices in the international bullion market, which directly impacts local gold rates.
Global Gold Market Update
In the international market, gold became more expensive by $9 per ounce, pushing the global price to $4,595 per ounce. Analysts believe the increase is linked to ongoing economic uncertainty, inflation concerns, and strong investor demand for safe-haven assets like gold.
Latest Gold Prices in Pakistan
According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices surged significantly in the local market:
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Per tola gold price increased by PKR 900, reaching PKR 481,862
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10 grams of gold rose by PKR 771, taking the new price to PKR 413,118
This sharp rise has made gold even more expensive for ordinary buyers, while investors holding gold have seen their asset value grow overnight.
Silver Prices Also Climb
Not just gold, silver prices also recorded a noticeable increase. The price of one tola of silver rose by PKR 180, reaching a new high of PKR 9,075 per tola. This upward trend reflects broader movement in precious metals worldwide.
What This Means for Buyers and Investors
With gold prices continuing to rise, jewellery buyers may delay purchases, while investors are closely watching market trends for further gains. Experts suggest that volatility may continue in the coming days, especially if global economic pressures persist.
