The price of 10 grams of 24 karat gold also increased significantly, rising by Rs1,144 to reach Rs305,212, compared to the previous day’s Rs304,068. Likewise, the rate for 10 grams of 22 karat gold climbed by Rs1,048, now priced at Rs279,787 from Rs278,739.
Silver was not left behind in this rally. The price per tola of silver surged by Rs86 to settle at Rs3,850, while 10 grams rose by Rs73, now costing Rs3,300.
On the global front, gold gained $13 per ounce, pushing the international price from $3,330 to $3,343. Silver also increased by $0.86, with the new rate reaching $36.66 per ounce.
This latest increase adds to the ongoing trend of rising gold and silver prices, sparking questions among investors and consumers alike — is now a good time to invest, or is the market heading into a correction?
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The consistent rise in both local and international gold prices reflects global economic uncertainty, with investors turning to precious metals as a safer asset. The Pakistani rupee’s volatility and inflation fears may also be influencing this surge. The increase in silver prices further suggests that demand for alternative safe-haven assets is growing.
For consumers, especially those planning weddings or major purchases, these price hikes could mean higher costs ahead. On the other hand, traders and investors might find short-term gains if this bullish trend continues.
