Gold and silver prices have climbed again in global markets, with the impact strongly visible in Pakistan’s bullion market.
Global Market Update
Internationally, gold rose by $117, reaching $4,967 per ounce due to increased investor demand.
Pakistan Market Rates
In the local market:
- Gold (per tola): Increased by Rs 11,700, closing at Rs 519,462
- Gold (10 grams): Up by Rs 10,030, reaching Rs 445,354
- Silver (per tola): Increased by Rs 444, reaching Rs 8,269
Why Prices Are Rising
Economists say strong global buying is supporting precious metal prices. Central banks in several countries are gradually reducing reliance on the US dollar and increasing gold reserves.
Expert Insight
Economic analyst Raja Kamran notes that global uncertainty, geopolitical tensions, and industrial demand continue to support gold as a safe-haven investment. He believes the overall trend remains positive despite temporary market corrections.
