Gold prices recorded a significant increase on both international and domestic markets, reflecting strong upward momentum in bullion trading.
In the global market, the price of gold rose by $70 per ounce, reaching $5,042 per ounce, signaling renewed investor interest in the precious metal.
Following the international trend, local bullion markets in Pakistan also saw a sharp rise. The price of gold per tola increased by Rs. 7,000, bringing the new rate to Rs. 526,962 per tola. Meanwhile, the price of 10 grams of gold climbed by Rs. 6,001, reaching Rs. 451,784.
In contrast, silver moved in the opposite direction. The price of silver per tola declined by Rs. 105, settling at Rs. 8,219, while 10 grams of silver fell by Rs. 90 to Rs. 7,046.
Market analysts attribute the surge in gold prices to movements in the international bullion market, while local rates adjusted accordingly in response to global trends and currency factors.
