Gold prices recorded a sharp increase in both international and local markets, reversing the recent downward trend.
In the international bullion market, the price of gold jumped by $92 per ounce, reaching $4,424 per ounce.
Following the global rise, prices in Pakistan’s local bullion markets also increased significantly. The price of 24-karat gold per tola surged by Rs. 9,200, taking the new rate to Rs. 464,762 per tola. Similarly, the price of 10 grams of gold rose by Rs. 7,888 to Rs. 398,458.
Silver prices also moved upward in the local market. The price of silver per tola increased by Rs. 267 to Rs. 8,023, while 10 grams of silver rose by Rs. 229 to Rs. 6,878.
It is worth noting that just two days earlier, gold prices had declined in both global and domestic markets. At that time, international prices fell by $47 per ounce, while local rates dropped by Rs. 4,700 per tola and Rs. 4,030 per 10 grams. Silver prices had also declined, with a reduction of Rs. 106 per tola and Rs. 91 per 10 grams.
