Karachi – Web Desk: Gold prices in Pakistan recorded a significant surge as both domestic and international bullion markets reacted to heightened demand and market volatility.
According to local reports, the price of gold per tola increased by PKR 7,100, reaching PKR 533,562. The cost of ten grams of gold also climbed by PKR 6,087, settling at PKR 457,443.
On the global front, gold prices rose by $71 per ounce, pushing the international rate to $5,108 per ounce. Analysts attribute the upward trend to shifting investor sentiment and fluctuations in global demand for safe-haven assets.
Silver prices followed a similar trajectory, increasing by PKR 374 per tola and reaching PKR 8,948 in domestic markets.
Market analysts noted that rising precious metal prices reflect broader economic uncertainty and investor interest in assets traditionally viewed as hedges against inflation and currency volatility.
A day earlier, bullion prices had already surged, with gold increasing by $25 per ounce in international markets and domestic rates climbing sharply. In Pakistan, per tola gold had risen by PKR 2,500, while ten grams increased by PKR 2,144. Silver also experienced gains during the same period.
Experts say the sustained price movement underscores global market dynamics and ongoing investor confidence in precious metals.
