The upward trend in gold prices continues in Pakistan, with the precious metal recording another surprising increase, sending shockwaves through the bullion market and leaving buyers and investors concerned.
The latest surge reflects ongoing volatility in both local and global markets.
Significant Increase in Gold Prices
According to market sources, the price of gold has increased by Rs 4,200 per tola in a single jump.
Updated Gold Rates
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24-Karat Gold (per tola): Rs 504,200
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22-Karat Gold (per tola): Rs 462,183
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21-Karat Gold (per tola): Rs 441,175
The sharp rise has made gold purchases increasingly difficult for consumers, especially ahead of wedding and festive seasons.
Silver Prices Also Move Up
Silver prices followed the same upward trend, recording a Rs 3,100 increase per tola.
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Silver (per tola): Rs 15,900
Market dealers say rising demand and currency fluctuations are key drivers behind the increase.
Why Are Prices Rising?
Experts attribute the surge in gold and silver prices to several factors, including:
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Global market uncertainty
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Fluctuations in the US dollar
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Inflation concerns
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Increased demand for safe-haven assets
These factors combined have pushed precious metal prices to new highs.
Impact on Buyers and Investors
The continuous rise in prices has raised concerns among:
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Jewelry buyers
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Small investors
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Traders in local bullion markets
Many buyers are now delaying purchases in hopes of a market correction.
