Gold prices rise again in Pakistan as rate crosses Rs442,000
Gold Prices Increase in Local and Global Markets
Gold prices continued to rise in international and local markets, putting further pressure on buyers in Pakistan. The latest increase pushed the price of one tola of gold to Rs442,036.
In the international market, gold prices rose by $11 to reach $4,195 per ounce. The increase also affected local bullion markets, where prices moved higher.
Per Tola Gold Rises by Rs1,100
The price of one tola of gold increased by Rs1,100 in Pakistan, bringing the new rate to Rs442,036. The price of 10 grams of gold also rose by Rs943 to reach Rs378,974.
The continuous increase is making gold jewellery more expensive for people planning weddings and other special occasions. Buyers may now need to spend more or delay their purchases as prices continue to fluctuate.
Silver Prices Also Move Higher
Silver prices also increased in the local market, adding to the pressure on precious metal buyers. The price of one tola of silver rose by Rs43 to reach Rs6,555.
The increase in both gold and silver prices has drawn attention from investors and people planning to buy jewellery. Market participants are now watching closely to see whether prices will rise further or begin to fall.
Gold Recorded Another Major Increase the Previous Day
Gold prices had also recorded a significant increase in Pakistan the previous day, when the per tola rate rose by Rs5,900 to reach Rs440,936. The price of 10 grams of gold increased by Rs5,058 to Rs378,031.
In the international market, gold rose by $59 to reach $4,184 per ounce on the previous day. Silver also became more expensive, with its per tola price increasing by Rs144.
Gold prices in Pakistan have continued to rise, making jewellery more expensive for ordinary buyers. Further changes in international gold rates may affect local prices in the coming days.
People planning to buy gold should check the latest market rates before making a purchase. Investors should also remember that precious metal prices can move up or down, so further increases are not guaranteed.
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