Gold prices in Pakistan recorded another increase on Saturday, following a fresh rally in the international bullion market. The upward trend in global precious metal prices was reflected in local markets, where both gold and silver registered notable gains.
According to market data, the international price of gold increased by $24 per ounce, taking the global rate to $4,018 per ounce after a brief pause in recent gains.
In Pakistan’s local bullion market, the price of 24-karat gold rose by Rs2,400 per tola, reaching Rs424,236 per tola. Meanwhile, the price of 10 grams of gold increased by Rs2,057, bringing the new rate to Rs363,713.
Silver prices also continued their upward trend in both international and domestic markets. Globally, silver gained 41 cents per ounce, taking the international price to $55.91 per ounce.
In the local market, the price of silver per tola increased by Rs41, reaching Rs6,070, while the price of 10 grams of silver climbed by Rs36 to Rs5,204.
Market analysts attribute the latest rise in precious metal prices to continued strength in the international bullion market. Factors such as global economic uncertainty, currency fluctuations, and increased investor demand for safe-haven assets continue to support higher gold prices.
Domestic gold prices in Pakistan generally move in line with international bullion rates while also reflecting exchange rate movements and local market conditions. As a result, changes in global prices are typically passed on to local buyers and investors.
With both gold and silver recording fresh gains, investors, jewelers, and consumers are expected to keep a close eye on international market developments, as further fluctuations could influence local prices in the coming days.
