Precious metal markets have recorded another strong upward move, with both gold and silver prices climbing sharply. The latest rise reflects global market momentum that is now influencing local trading activity, putting fresh pressure on buyers.
International Gold Market Update
Gold in the global market moved up by 53 dollars per ounce, reaching around 5,020 dollars per ounce. When international prices increase, domestic markets usually follow the same trend due to import dependency and currency factors.
Latest Local Gold Rates
According to market updates:
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Gold per tola increased by Rs. 5,300
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New per tola rate reached approximately Rs. 524,762
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10 grams of gold rose by Rs. 4,544
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New 10-gram rate stands near Rs. 449,898
Traders say demand and global price pressure are both playing a role.
Silver Prices Also Climb
Silver prices also moved upward:
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Per tola silver increased by Rs. 346
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New silver rate reached around Rs. 8,615
Silver often follows gold’s direction when global metals markets are bullish.
Impact on Consumers
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Jewelry purchases may become costlier
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Wedding-related buying decisions could be affected
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Investors are closely watching market direction
Some buyers are delaying purchases, hoping for price stability.
