Gold and silver prices in Pakistan’s local markets recorded a significant increase today, with 24-carat gold rising by Rs2,300 per tola.

The All Pakistan Sarafa, Gems and Jewelers Association (APSGJA) reported that 24-carat gold per tola surged to Rs528,562, up Rs2,300 from the previous rates. Meanwhile, 24-carat 10-gram gold increased by Rs1,972, reaching Rs453,156. Similarly, 22-carat 10-gram gold climbed by Rs1,808 to Rs415,408.

Silver prices also showed an upward trend in local markets. One tola of silver increased by Rs120 to reach Rs8,735, while 10 grams of silver rose by Rs103, now priced at Rs7,488. The association attributed the rise to both domestic demand and fluctuations in global commodity markets.

In international trading, gold also saw an increase of $23 per ounce, bringing the global price to $5,058 per ounce. Silver gained $1.20 per ounce, reaching $82.60. Analysts say the global market trends, combined with currency fluctuations, are key factors driving the local price surge.

Also Read: Heavy snowfall blankets northern Pakistan

The price hike has impacted jewelers and buyers alike, with many consumers looking to make purchases before further increases. APSGJA advised traders and customers to monitor the market closely.

Experts warn that gold and silver prices may continue to fluctuate in the coming weeks due to ongoing global economic uncertainties and rising demand in Pakistan’s domestic market.