Gold and silver prices surged once again as strong gains were witnessed in the international market, followed by a sharp rise in domestic rates.
In the global market, gold increased by 133 dollars to reach 5,411 dollars per ounce, reflecting higher demand and market volatility. Analysts said geopolitical tensions and economic uncertainty contributed to the upward trend in precious metal prices.
In the local bullion market, the price of one tola gold jumped by 13,300 rupees, pushing it to 563,862 rupees per tola. Meanwhile, the price of 10 grams of gold increased by 11,402 rupees and reached 483,420 rupees.
Silver prices also recorded a notable rise. One tola silver became 188 rupees more expensive, reaching 10,050 rupees per tola. Market experts say rising international prices and currency fluctuations played a key role in the increase.
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Financial analysts believe that despite price volatility, gold and silver continue to attract investors as safe-haven assets during uncertain times. Many investors prefer precious metals to protect their savings against inflation and economic instability.
Traders expect market movement to remain sensitive to global developments in the coming days, which could further influence prices.