Gold prices in Pakistan edged higher on Friday, reflecting positive momentum in the international markets. According to the latest data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased to Rs. 441,090, marking a rise of Rs. 1,350 from the day’s start. Similarly, the rate for 10 grams of gold climbed to Rs. 378,292, indicating a notable upswing in local trading.
In trading over the last 15 hours, the international gold prices witnessed a substantial increase. The global market saw gold prices rise to $4,199.63 per ounce, up by $36.25 from the opening rate of $4,163.38. This upward trend highlights the strengthening demand for the precious metal globally, which has been mirrored by the local market’s response.
Silver prices also followed suit, with the local market registering an increase. The price of silver per tola increased by Rs. 1.71, bringing it to Rs. 55.15. This rise in silver prices complements the overall bullish trend observed in precious metals trading.
The fluctuations in precious metal prices are primarily driven by global economic factors, including shifts in currency valuations and geopolitical tensions that impact investor sentiment. As market participants watch these developments closely, the demand for safe-haven assets like gold and silver remains robust.
Overall, the upward trajectory in both local and international markets underscores the continued appeal of gold and silver as secure investment options amidst ongoing economic uncertainties. Investors in Pakistan, guided by APGJSA’s updated rates, are responding positively to these market signals, reflecting broader global trends.
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