Gold Price Surge Sparks Fresh Interest in Pakistan Market
A sharp gold price surge hit Pakistan on Tuesday after several days of stability. The sudden increase drew strong attention from buyers and investors. It also pushed the precious metals market into a more active phase.
The 24 karat rate rose by Rs7,700 per tola, reaching Rs436,562. In addition, the 10 gram price climbed by Rs6,601, bringing it to Rs374,281. These jumps reflect renewed movement in domestic trading.
The 22 karat category gained as well. It reached Rs343,103 for 10 grams. Meanwhile, silver also moved upward. The 24 karat silver rate hit Rs5,422 per tola, while the 10-gram price reached Rs4,648.
Global Shift
International trends played a key role in the latest rally. Spot gold increased by 0.1 percent and touched $4,141.49 per ounce. This marks its highest level since November 14. U.S. gold futures also rose 1.1 percent to $4,139.10 per ounce.
Experts link the rise to expectations of a possible U.S. interest rate cut. Such hopes often increase demand for precious metals. As a result, global markets reacted with strong buying momentum.
Kelvin Wong from OANDA shared that rising hopes for a rate cut have strengthened short term gains. His comments matched wider views from several analysts. They believe global investors are shifting toward safer assets.
Many traders are now watching U.S. economic indicators. Employment numbers, retail sales and consumer confidence could influence market behaviour. These updates may also shape the Federal
Reserve’s next move.
Fed Governor Christopher Waller suggested that labour conditions might support another rate cut. However, he also stressed that decisions depend on new data. Recent delays caused by the U.S. government shutdown slowed reporting.
Local traders expect the combination of global movement and domestic demand to keep prices active. Therefore, Pakistan may see more buying activity in the coming days. Investors often turn to gold during uncertain periods.
Silver followed the same upward trend. This movement shows broader interest in precious metals. Many buyers view these assets as a safe option during global shifts.
The overall situation suggests a lively market ahead. People are watching rates closely to plan their next moves. For now, the gold price surge continues to capture attention nationwide.
