Gold prices in Pakistan witnessed a rise on Wednesday, aligning with international market trends. The price of gold per tola increased by Rs800, reaching Rs274,300, while 10-gram gold saw an increase of Rs686, bringing the price to Rs235,168. These figures were shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
On Tuesday, the gold price per tola had already risen by Rs3,600, settling at Rs273,500. This steady increase mirrors movements in the global market, where gold rates rose to $2,631 per ounce, inclusive of a $20 premium. The international price saw a daily uptick of $8, further influencing local prices.
Interestingly, silver prices in Pakistan remained unchanged at Rs3,250 per tola, maintaining stability amid fluctuations in the gold market.
This upward trend comes after gold reached an all-time high of Rs287,900 per tola in Pakistan last month, reflecting ongoing volatility in precious metal markets.
The rising gold prices underline a broader pattern tied to global economic factors, including inflationary pressures and investor interest in safe-haven assets. As gold continues to be a popular investment option, its value in Pakistan remains heavily influenced by international market dynamics and currency exchange rates.
The consistent climb in gold prices highlights its appeal as a financial hedge, making it crucial for investors and jewelers to monitor both local and global market trends closely.
