Gold prices in Pakistan showed a significant upward trend in the early hours of trading. Over the last three hours, the local market saw the price of gold per tola increase to Rs. 440,390, marking a rise of Rs. 650 from the day’s start, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This upswing aligns with the international market where gold prices experienced a notable gain.
In the international arena, gold prices rose to $4,189.69 per ounce, up by $26.31 from the initial value of $4,163.38. This increase reflects a strengthening in the global gold market sentiment, contributing to the bullish trend seen in the Pakistani market.
Silver prices also moved higher in the local market, with the rate per tola climbing to Rs. 54.03, compared to the day’s start. This increase of Rs. 0.59 suggests a parallel upward movement with gold, highlighting a broader trend in precious metals.
Globally, the markets appear to be reacting to a variety of economic indicators that have bolstered investor confidence in precious metals as a safe haven. The APGJSA has reported that this rally is partially driven by geopolitical tensions and economic uncertainties, prompting investors to pivot towards gold and silver.
As the day progresses, market participants will be closely monitoring international developments and their potential impacts on the local market. With the current trajectory, investors and traders in Pakistan are likely to remain optimistic about the continued strength of gold prices amidst a robust global backdrop.





