Gold became significantly costlier as the price of 24-karat gold per tola increased by Rs7,700, taking the new rate to Rs436,562 compared to yesterday’s Rs428,862. This unexpected rise quickly caught market attention.
Prices of 10 grams of 24-karat gold also moved up by Rs6,601 to reach Rs374,281, while 10 grams of 22-karat gold increased by Rs6,051 to settle at Rs343,103. Buyers and jewellers alike noted that the climb was steeper than usual.
In the international market, gold prices showed a strong jump of US$77 and touched US$4,142 per ounce, up from US$4,065. The global trend added more heat to the local market’s sudden lift.
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Silver followed the same pattern as per tola silver rose by Rs152 to hit Rs5,422 from Rs5,270, and 10 grams silver went up by Rs130 to Rs4,648 from Rs4,518. International silver also increased, rising by US$1.52 to US$51.50 per ounce from US$49.98.
Experts say the strong rise in global prices pushed local rates higher. They believe investor uncertainty is driving people towards gold and silver. Market watchers think the trend may continue if international demand stays firm.
