Gold prices surge again in Pakistan after days of decline
Business
The local spike aligns with global market movement, where international gold prices also saw a notable jump.
KARACHI (Dunya News) - After several consecutive days of decline, gold prices in Pakistan surged sharply on Wednesday, marking a significant upward reversal in the bullion market.
According to the All Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold rose by Rs7,900 per tola, pushing the new rate to Rs431,562. Similarly, the price of 10 grams of 24-karat gold increased by Rs6,773, reaching Rs369,994.
Silver prices also witnessed an upward trend. The rate for 24-karat silver per tola increased by Rs177, bringing the new price to Rs5,422.
The local spike aligns with global market movement, where international gold prices also saw a notable jump. In the global market, gold became $79 more expensive per ounce, reaching $4,092.
Market analysts attribute the rise to heightened international demand and fluctuations in global economic indicators, which continue to influence local bullion rates.
Gold prices in Pakistan remain highly sensitive to international market trends and currency fluctuations, prompting both investors and buyers to closely monitor daily changes.
