Gold prices in Pakistan experienced a significant surge on Thursday, rebounding after a period of consecutive decline. The price per tola increased by Rs9,100 to reach Rs428,736, driven by a rise in international gold rates. Similarly, 10-gram gold was sold at Rs367,572 after an increase of Rs7,802, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
International Market Influence
The international rate of gold saw a notable uptick, rising by $91 to reach $4,063 per ounce, with a premium of $20. This global trend directly impacted the local market, reversing the previous day's decline. On Wednesday, gold per tola had fallen by Rs5,200 to Rs419,636.
Silver Prices Also Rise
In addition to gold, silver prices also increased in the local market. The price of silver rose by Rs203 to reach Rs6,445 per tola, reflecting a broader upward movement in precious metals.
Market Context
The surge comes after a period of volatility in the gold market, with prices fluctuating in response to global economic factors. The APGJSA continues to monitor and report daily rates, providing transparency to investors and consumers.
