In the local bullion market, the price of 24-karat gold per tola increased by Rs500, reaching Rs359,500 compared to Rs359,000 on the previous trading day, according to the All Pakistan Sarafa Gems and Jewellers Association.
Similarly, the price of 10 grams of 24-karat gold rose by Rs429, moving from Rs307,784 to Rs308,213. Meanwhile, 22-karat gold prices per 10 grams also experienced an uptick, reaching Rs282,529 from Rs282,145.
Interestingly, silver prices remained unchanged. Per tola silver was steady at Rs3,9530, while 10 grams held at Rs3,389.
On the international front, gold witnessed a $5 hike, trading at $3,368 per ounce compared to $3,363 earlier. Silver prices also rose slightly in the global market, trading at $37.20 from the previous $37.01.
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The latest rise in gold prices, both locally and internationally, may indicate continued investor interest amid global economic uncertainties. While silver remains stable, the small but steady gains in gold suggest that market sentiment is still leaning towards precious metals as a safe haven. Investors should stay alert as further fluctuations are likely based on upcoming economic indicators and currency movements.
