Gold prices rise again in Pakistan after one-day drop
The latest rise in Gold Price Pakistan follows a recovery in both local and international markets. The increase in the gold rate today means people planning to buy jewellery or invest in gold will now have to spend more.
According to the All Pakistan Sarafa Gems and Jewellers Association, the 24 karat gold price increased by Rs1,100 per tola. After the increase, the gold price per tola reached Rs433,536.
The 10 gram gold price also increased by Rs943, taking the new rate to Rs371,687. Market experts say the rise reflects stronger international gold prices and continued demand.
Meanwhile, silver prices also recorded an increase. One tola of silver became Rs30 more expensive and is now available at Rs6,462. The upward trend shows that precious metals continue to gain value.
The international market also witnessed an increase, with gold rising by $11 per ounce to $4,111. Analysts say changes in global prices are directly affecting Gold Price Pakistan, causing gold prices in Pakistan to move higher.
Also Read: Gold price hovers near Rs430,000 per tola after sharp surge in Pakistan
Just a day earlier, the gold rate today had fallen in both local and global markets. The international gold price had dropped by $14 per ounce to $4,100, while the gold price per tola in Pakistan had declined by Rs1,400 to Rs432,436.
Despite that brief decline, the latest recovery has pushed the 24 karat gold price back up. The 10 gram gold price has also recovered, reflecting renewed strength in the precious metals market.
Market observers believe gold prices in Pakistan could remain volatile if international prices continue to fluctuate. Buyers are being advised to monitor the gold rate today before making purchasing decisions.
