Gold prices jump again in Pakistan after sharp fall – check new rates
Fluctuations in gold prices continued across domestic and global bullion markets. After a major decline a day earlier, gold made a strong comeback, catching the attention of investors and buyers.
According to the All Pakistan Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs2,830. Following the rise, the per tola rate moved up from Rs452,233 to Rs455,063 in local bullion markets.
The latest increase reversed part of the losses recorded during the previous trading session. Market observers said continued uncertainty in global markets remains a key factor influencing gold prices.
The price of 24-karat gold per 10 grams also registered a notable increase. After gaining Rs2,547, the rate rose from Rs386,987 to Rs389,534.
The upward movement reflected stronger trends in the international market. Buyers and traders closely monitored the latest developments as prices continued to shift.
Gold prices also moved higher in global bullion markets. The international price of gold increased by $28.29 per ounce, taking the rate from $4,297 to $4,326.27 per ounce.
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Global economic concerns and investor demand often play an important role in driving gold prices. Any change in international rates usually affects local market prices as well.
A day earlier, the price of gold per tola had fallen by Rs3,094. That decline had brought the local gold rate down to Rs452,233 per tola.
Today’s increase erased a large portion of those losses. The sharp recovery highlighted the continued volatility in the precious metals market.
Silver prices also recorded an upward trend in the local market. The price of 24-karat silver per tola increased by Rs141 and reached Rs7,314.
The rise in silver prices came alongside the recovery in gold. Traders said movements in precious metals often influence overall market sentiment.
Gold prices are still moving up and down quickly. If global rates remain strong, local market prices may continue to rise in the coming days.
