Gold prices in Pakistan saw an upward movement over the past 6 hours, mirroring the bullish trend in international markets. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market increased by Rs. 490, reaching Rs. 440,230. Similarly, gold per 10 grams witnessed a rise, though exact figures for 10 grams are not provided in this report. This marks a continuation of the strong performance seen in recent days.
In trading over the last 6 hours, the international gold market also experienced gains. The price of gold per ounce moved from $4,163.38 at the start of the day to $4,183.03, reflecting a $19.65 increase. This rise is consistent with global trends, where market optimism has been bolstered by various macroeconomic factors and investor sentiment shifting towards safe-haven assets like gold.
Silver prices in the local market also followed the upward trend. The rate per tola of silver increased to Rs. 54.01 from Rs. 53.44, reflecting a positive change in the market sentiment towards precious metals.
Globally, the precious metals market is navigating through uncertain economic indicators, prompting investors to hedge against potential risks. This strategy has fueled a notable increase in demand for gold and silver, pushing prices higher both locally and internationally.
As the day progresses, market participants will keep a keen eye on further developments that may influence precious metal prices. The current trend suggests a steady demand, driven by international cues and domestic market adjustments. Investors and traders in Pakistan’s gold market are advised to stay informed about global market movements to make well-informed decisions.
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