Karachi, Pakistan – Web Desk: Gold prices recorded a sharp increase in both international and domestic markets on Thursday, ending a five-session lull and pushing bullion to fresh highs.
According to market data, the international bullion market witnessed a $91 per ounce increase in gold prices, taking the global rate to $4,063 per ounce.
Following the global rally, Pakistan’s local bullion markets also posted significant gains. The price of 24-karat gold surged by Rs9,100 per tola, bringing the new rate to Rs428,736 per tola.
Similarly, the price of 10 grams of 24-karat gold increased by Rs7,802, reaching Rs367,572.
Silver prices also moved higher in the domestic market. The price of silver per tola climbed by Rs203 to Rs6,445, while 10 grams of silver rose by Rs174, settling at Rs5,525.
Market analysts attributed the sharp rise in local gold prices to the strong upward trend in the international bullion market, which continues to influence precious metal rates in Pakistan.
