Gold and silver prices in Pakistan have risen sharply, following an upward trend in the international market, driven by global economic uncertainty and rising energy costs.
According to the latest data, the price of gold per tola increased by Rs3,900, reaching Rs475,962 in the local market. Similarly, 10 grams of gold rose by Rs 3,343 to Rs 408,060. Silver also saw a noticeable increase, with per tola rates going up by Rs70 to Rs7,524.
Market analysts say this surge is linked to several global factors, including rising oil and energy prices, ongoing economic instability, and a growing preference among investors for safe-haven assets like gold and silver.
These international pressures have pushed precious metal prices higher, directly affecting rates in Pakistan.
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It is worth noting that just a day earlier, both global and domestic gold markets had fallen over two consecutive sessions. However, the trend quickly reversed, with gold prices rebounding sharply.
On Saturday, gold per tola in Pakistan jumped by Rs4,800 to Rs472,062, while the price of 10 grams increased by Rs4,116 to Rs404,717.
With continued pressures in international markets, experts expect local gold prices to remain volatile, with further increases likely in the coming days.