Gold and Silver Prices Rise After Three-Day Break Amid Global Market Surge

KARACHI: Following a sharp increase in international bullion market prices, gold and silver rates in Pakistan's local bullion markets witnessed a significant rise after a three-day pause.

International Bullion Market Update

Global demand for gold strengthened during the trading week, leading to a notable increase in prices.

• The price of gold in the international market rose by $28.29 per ounce.
• As a result, gold closed at $4,326.27 per ounce in the global market.

Local Gold Prices Cross Rs455,000 Per Tola

The upward trend in international markets directly impacted Pakistan’s major bullion markets, including Karachi, Lahore, Islamabad, and Peshawar.

Gold CategoryIncreaseNew Price24K Gold (Per Tola)Rs2,830Rs455,06324K Gold (Per 10 Grams)Rs2,306Rs389,534

Silver Prices Also Move Higher

Silver prices also recorded gains due to increased buying activity in local markets.

Silver CategoryIncreaseNew PriceSilver (Per Tola)Rs141Rs7,314Silver (Per 10 Grams)Rs129Rs6,245

Market Analysis

Economic experts believe that ongoing geopolitical uncertainties and fluctuations in global currency markets are driving investors toward precious metals, contributing to the recent surge in gold and silver prices worldwide.