Gold prices increased sharply in both local and international markets, surprising many people. According to the All Pakistan Gems and Jewelers Association, the price of 24-carat gold jumped by Rs2,800 per tola, reaching Rs478,762.
The price of 10 grams of 24-carat gold also went up by Rs2,501, taking it to Rs410,461. Silver prices followed the same trend, rising by Rs260 per tola and reaching Rs7,784.
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In the global market, gold prices increased by $28 per ounce and touched $4,560 per ounce. This international rise is also affecting local prices in Pakistan.
Experts say this increase is mainly due to changes in the US dollar and higher demand from investors who see gold as a safe option. Many people are now buying gold to protect their money.
Analysts have warned that prices may continue to fluctuate. They advised investors to stay careful, while everyday buyers may find it harder to afford gold due to rising costs.
A day earlier, gold prices had already increased by Rs3,900 per tola, showing that the market has been moving quickly in recent days.
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Gold prices are rising quickly. Investors are showing interest, but buyers are under pressure. If this trend continues, gold may become even less affordable.
