Gold Prices Pakistan recently surged to unprecedented levels, aligning with a robust rally observed across the international market. Consequently, silver also experienced a significant climb, hitting a new all-time high within the local market. This upward trend reflects considerable activity in Pakistan’s precious metals sector, capturing widespread attention from investors and consumers alike.
Pakistan’s Domestic Market Sees Sharp Gold Gains
In the domestic market, the price of gold per tola saw a remarkable jump. It increased by Rs. 9,100, settling at an impressive Rs. 514,662. Furthermore, the rate for 10-gram gold also rose substantially by Rs. 7,802, reaching Rs. 441,239. These figures come directly from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), indicating a strong market performance.
Interestingly, just one day prior, on Thursday, gold prices had experienced a slight dip. The per tola rate fell by Rs. 800, temporarily settling at Rs. 505,562. However, this minor setback was quickly overcome by the strong upward momentum observed on Friday.
International Gold Market Influences Local Trends
The surge in Gold Prices Pakistan is largely influenced by movements in the international market. Globally, gold prices climbed significantly by $91, reaching $4,923 per ounce. This international figure includes a premium of $20, reflecting strong global demand and market dynamics. Consequently, local markets often mirror these international shifts, impacting the value of precious metals domestically.
Silver Prices Pakistan Reach Historic Peak
Not to be outdone by gold, silver prices in the local market also experienced a substantial increase. The per tola rate for silver escalated by Rs. 372, reaching an unprecedented Rs. 10,275. This marks a new historic high for silver, underscoring the broad strength seen across the precious metals sector in Pakistan. Both gold and silver demonstrate robust market activity, reflecting investor confidence and global economic factors.
