Gold prices in Pakistan moved sharply higher on Wednesday, tracking an upward trend in international bullion markets.
According to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola climbed to Rs. 582,562, reflecting an increase of Rs. 2,300 in a single trading session.
The price of 10 grams of gold also increased, reaching Rs. 453,156 after gaining Rs. 1,972.
Previous Session Comparison
A day earlier, gold per tola was recorded at Rs. 526,262, after a daily increase of Rs. 1,500. The latest surge marks a continued upward movement in the local bullion market.
International Market Impact
Globally, gold prices rose by $23, settling at $5,058 per ounce, including a premium of $20. Market analysts attribute the rally to renewed investor interest and movements in global financial markets.
Silver Prices Also Increase
Silver followed the upward trend, with prices rising by Rs. 120 per tola, bringing the new rate to Rs. 8,735.
Traders say local bullion rates remain closely linked to international market movements, and further fluctuations are expected depending on global economic indicators and currency trends.
