Gold prices in Pakistan advanced on Thursday, driven by upward movements in the international market. In local trading over the last 18 hours, the price of gold per tola increased to Rs. 441,470 after a rise of Rs. 1,730 from the start of the day. Similarly, the price for 10 grams of gold climbed, reflecting the broader trend as shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
At the beginning of the trading cycle, gold was priced at $4,163.38 per ounce. By the end of the period, the rate had risen to $4,214.97, marking a gain of $51.59. This increase is indicative of a strong rally in the international markets, which has positively impacted local gold prices.
Silver prices also trended upwards, with the rate per tola reaching Rs. 56.46, up from Rs. 53.44 at the start of the day. This reflects growing investor interest in precious metals amidst fluctuating global economic signals.
On the global stage, the demand for gold and silver continues to be influenced by various geopolitical and economic factors. The rise in gold prices is aligned with global trends, where uncertainties and market dynamics drive investors towards traditional safe havens. The APGJSA has noted these movements, emphasizing the interconnected nature of local and international markets.
In conclusion, the gold market in Pakistan has mirrored the global upswing, with significant gains observed in both gold and silver prices. This trend highlights the ongoing volatility and the pivotal role of international market influences on local pricing. As the trading day progresses, market participants remain watchful of further developments that could impact the value of precious metals.
Leave a Reply