Gold prices in Pakistan climbed sharply on Saturday, mirroring the positive trend in the international bullion market. The domestic market recorded a significant upswing as the price of gold per tola increased by Rs1,900,
reaching Rs397,700.
According to the latest figures shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the rate of 10-gram gold also witnessed a notable jump. It was sold at Rs340,963, marking a gain of Rs1,629 during the day.
The recent hike in prices has been attributed to global market momentum, where investors turned toward precious metals as a hedge against economic uncertainties and currency fluctuations. Market insiders believe the trend could persist in the coming days if international gold prices continue their upward movement.
Local jewellers noted that despite the surge, buying activity in the domestic market remains subdued due to the overall high cost of the precious metal. They emphasized that while global demand is exerting upward pressure, local affordability plays a crucial role in determining actual consumer purchasing trends.
Gold has long been regarded as a safe-haven asset in Pakistan, particularly during times of inflation and economic instability. With international markets maintaining bullish sentiment, domestic prices are expected to stay elevated unless there is a significant shift in the global outlook.
For now, the precious metal continues to glitter in the Pakistani market, offering both opportunities and challenges for traders, investors, and consumers alike.
Gold Price in Pakistan Surges by Rs1,900 Per Tola
