Gold Prices Surge Again in Pakistan Amid Global Market Gains

Gold prices in Pakistan experienced another significant increase on Wednesday, following strong gains in the international market. Investors and buyers observed sharp rises in both per tola and per gram rates, continuing a trend of upward movement over the past several days.

In the local market, the price of gold per tola climbed by Rs. 14,800, reaching Rs. 529,162. Similarly, 10 grams of gold rose by Rs. 12,689, bringing the price to Rs. 453,671, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The surge comes after a previous jump the day before, when per tola rates had increased by Rs. 24,000 to Rs. 514,362. Analysts attribute the rise to a combination of international market trends, rising global demand, and currency fluctuations impacting local rates.

Globally, gold prices continued to strengthen, with international rates climbing $148 to reach $5,064 per ounce, including a premium of $20. The international rally in gold has influenced local rates directly, prompting traders to adjust domestic prices accordingly.

Silver prices in Pakistan also saw a modest increase. The domestic per tola rate of silver rose by Rs. 109, settling at Rs. 9,255. Analysts suggest that both gold and silver remain attractive to investors amid uncertainty in currency and financial markets.

Experts note that rising gold prices often reflect both global market dynamics and local economic factors, including inflationary pressures and investor sentiment. The recent trend indicates heightened activity in the bullion market, with buyers seeking to secure assets against currency volatility.

Investors are advised to monitor international movements and local market adjustments closely, as global demand, geopolitical tensions, and currency fluctuations continue to influence precious metal prices.