Precious metal prices have surged once again, with both gold and silver witnessing a strong upward trend in international and local markets.
In the global market, gold recorded a major jump of $240 per ounce, pushing its value to around $4,916 per ounce. Earlier in the day, gold had already risen by $137, reaching approximately $4,813 per ounce, indicating strong buying momentum.
Local Gold Prices See Big Increase
Following the international surge, local bullion markets also recorded a sharp increase:
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One tola gold rose by Rs 24,000, reaching around Rs 514,362
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10 grams gold increased by Rs 20,576, reaching approximately Rs 440,982
This rise comes after a brief three-day decline in local markets, showing renewed investor interest.
Silver Prices Also Climb
Silver prices followed gold’s trend, with one tola silver increasing by Rs 741, reaching around Rs 9,146.
Why Prices Are Rising
Market experts say gold prices are being influenced by:
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Global economic uncertainty
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Currency fluctuations
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Investor demand for safe-haven assets
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Interest rate expectations
When financial markets show volatility, investors often shift toward gold and silver for security.
Market Outlook
Analysts believe that precious metals may remain volatile in the coming weeks. Buyers and investors are advised to monitor global market signals before making large purchases.
