Gold prices skyrocketed again on Saturday in both Pakistani and international markets, reversing a minor dip from the previous session and grabbing the attention of investors and traders nationwide.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold surged by Rs1,300 per tola, reaching Rs456,162 amid steady global demand. The price of 10 grams of 24-karat gold climbed by Rs1,115 to Rs391,085, while 10 grams of 22-karat gold rose by Rs1,022 to Rs358,507.
In the international market, gold rose by $13 per ounce, settling at $4,338, reflecting growing investor interest in precious metals as a hedge against economic uncertainty and shifting currency trends.
Silver followed a similar upward trend. The price of 24-karat silver per tola increased by Rs139 to Rs6,987, while 10 grams of 24k silver jumped by Rs119 to Rs5,990, according to APSGJA data.
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Analysts suggest that rising inflation fears, global economic volatility, and demand for safe-haven assets are driving this renewed surge in precious metal prices. Traders and investors are closely monitoring the market, anticipating further fluctuations in the coming days.
With gold and silver becoming hot commodities once again, market watchers advise timely investment decisions and caution against impulsive buying amid sudden price swings.