Gold prices witnessed a significant increase today in both global and local markets, signaling renewed investor interest in the precious metal.

In international markets, the price of gold rose by $70 per ounce, reaching $5,042. Analysts attribute the increase to global economic uncertainties and fluctuations in the US dollar, which often influence gold as a safe-haven asset.

On the local front, prices also surged sharply. In Pakistan’s bullion markets, the price of gold per tola increased by PKR 7,000, climbing to PKR 526,962. Similarly, the price per 10 grams rose by PKR 6,100 to reach PKR 451,784. Traders noted that rising international prices combined with local demand contributed to the upward trend.

In contrast, silver prices fell slightly today. The price of silver per tola decreased by PKR 105 to PKR 8,219, while the 10-gram rate dropped by PKR 90 to PKR 7,046. Experts said the decline in silver reflects lower industrial demand compared to gold, which continues to attract investors amid economic uncertainty.

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Market analysts suggest that gold is likely to remain a preferred investment for risk-averse investors, especially as geopolitical tensions and global inflation concerns persist. Meanwhile, traders recommend monitoring price movements closely before making significant purchases in the local market.

Investors and consumers are advised to stay updated with market trends, as further fluctuations in gold and silver prices are expected in the coming weeks.