Gold prices in Pakistan recorded a sharp rise on Thursday, following a strong upward trend in the international market. After a day of decline, the yellow metal made a remarkable comeback, surprising both traders and investors.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola jumped by Rs. 8,300, bringing the new rate to Rs. 443,062. Likewise, the price of 10 grams of gold increased by Rs. 7,116, now standing at Rs. 379,854.
The sudden spike came just a day after gold prices had dropped by Rs. 1,000 per tola on Wednesday. Market experts say the rebound is mainly due to global market movements, where gold gained significant momentum.
On the international front, the price of gold climbed to $4,207 per ounce, which includes a $20 premium. This marks an $83 increase in a single day, reflecting renewed investor interest in the precious metal as global economic uncertainty continues.
Meanwhile, silver also followed the same trend, with its price per tola rising by Rs. 228 to reach Rs. 5,662.
Jewellers believe that the latest surge could attract more short-term buyers but may also put pressure on those planning weddings or major purchases. Analysts expect gold prices to remain volatile in the coming days, depending on international trends and currency movements.
For now, Pakistan’s gold market remains highly active, as investors closely watch how long this upward streak will continue.
