KARACHI: Gold prices in Pakistan continued their sharp upward trend, recording another major increase amid rising international market rates.
According to market reports, the price of gold per tola increased by Rs7,800 in the local bullion market, taking the new rate to Rs496,762.
This latest jump comes a day after gold prices surged by Rs11,100 per tola, meaning the precious metal has become costlier by a massive Rs18,900 within just two days.
Similarly, the price of 10 grams of gold rose by Rs6,687, pushing the new rate to Rs425,893.
Bullion dealers said the rise in domestic prices followed strong gains in the international market, where gold prices climbed by $78 per ounce to reach $4,744.
Experts attributed the continued rally to global economic uncertainty, inflation concerns, and increased investor demand for safe-haven assets.
Meanwhile, silver prices also moved upward in the local market. The price of silver per tola increased by Rs373, reaching Rs8,445.
Market analysts believe fluctuations in global commodity markets and geopolitical tensions continue to influence precious metal prices both internationally and locally.
