Gold prices in Pakistan went up sharply on Saturday after strong gains were seen in the international market. The increase in global gold rates directly affected local prices, leading to a noticeable rise across the country.
According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola increased by Rs7,100, bringing the new rate to Rs533,562. At the same time, the price of 10 grams of gold rose by Rs6,087, reaching Rs457,443. This increase has made gold more expensive for buyers, especially those planning weddings, investments, or savings in the form of jewelry and gold bars.
In the global market, gold prices also recorded a significant jump. The price per ounce increased by $71, reaching $5,108 per ounce, which includes a $20 premium. When international bullion prices rise, local markets in countries like Pakistan usually follow the same trend because gold rates are closely linked to global trading prices and the value of the US dollar.
Silver prices also showed a strong upward movement in the local market. The price of silver per tola increased by Rs374, bringing it to Rs8,948. Like gold, silver prices are also influenced by changes in international markets and overall demand.
The latest increase reflects strong activity in global bullion markets. Factors such as international demand, economic uncertainty, currency fluctuations, and investor interest often play a major role in pushing gold and silver prices higher. As a result, local markets experience direct changes whenever global rates move up or down.
