Gold prices in Pakistan have experienced an upward trend over the past 9 hours, aligning with the ongoing strength observed in international markets. In the local market, the price of gold per tola increased to Rs. 447,510, reflecting a rise of Rs. 390 since the start of the trading day. Similarly, the price for 10 grams of gold also showed an upward movement, as per the rates provided by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
This bullish trend is mirrored in the global market, where gold prices have climbed to $4,221.21 per ounce, marking an increase of $15.35 from the initial trading price of $4,205.86. The international rally is contributing to the local market’s positive momentum, as investors respond to shifting economic cues and fluctuations in the currency markets.
Silver prices in Pakistan have also followed suit, with a notable rise to Rs. 58.18 per tola, up from the earlier rate of Rs. 56.99. This increase of Rs. 1.19 highlights the precious metal’s strengthening position in the local market, driven by similar global dynamics that are influencing gold.
The current trend reflects a broader context of market activity where changes in currency valuations and international economic policies are playing a pivotal role. Investors in Pakistan remain attentive to these developments, as they consider the implications for local market conditions. The APGJSA continues to monitor these trends closely, providing updated insights and guidance to market participants.
As the trading day progresses, market watchers will remain focused on both domestic and international signals that could further impact the trajectory of gold and silver prices. The interplay between local demand and global factors will likely continue to shape market movements in the coming hours.
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