Gold and silver prices surge sharply in local and global markets
gold price increase Pakistan
gold price increase Pakistan
(Web Desk): Gold rises to 5,278 dollars per ounce globally while local prices surge; silver also records gains.

Gold and silver prices increased sharply today in both international and local markets, reflecting strong upward momentum.

In the global market, gold prices rose by 100 dollars to reach 5,278 dollars per ounce. The increase has pushed bullion rates higher amid growing demand and market volatility.

In the local bullion market, the price of one tola gold surged by 10,000 rupees, reaching 550,562 rupees. Similarly, the price of 10 grams of gold increased by 8,574 rupees to touch 472,018 rupees.

Silver prices also witnessed a notable rise. One tola silver increased by 388 rupees and reached 9,862 rupees. Earlier data showed that silver had already gained 270 rupees per tola in previous trading sessions, while the price of 10 grams silver rose by 232 rupees to 8,122 rupees.

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Market analysts say gold prices remain sensitive to international economic conditions, currency fluctuations, and geopolitical developments. The previous day, international gold prices remained stable at 5,178 dollars per ounce, while local rates also showed stability before the recent surge.

Experts believe continued uncertainty in global markets could keep precious metal prices volatile in the coming days, encouraging investors to monitor trends closely.