In trading over the last 6 hours, gold prices in Pakistan have recorded a notable increase, mirroring positive trends in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market has climbed by Rs. 370, reaching Rs. 447,490. This rise reflects a steady upward movement from the day’s start, when gold was priced at Rs. 447,120 per tola.
Internationally, the gold market also saw a commendable rise, with the price per ounce increasing by $14.58, from $4,205.86 at the start of the day to $4,220.44. This upward trend is attributed to various factors, including global economic uncertainties and increased demand from investors seeking safe-haven assets.
Silver prices in the local market have also experienced a positive shift. The recent trading session saw silver per tola increase from Rs. 56.99 to Rs. 58.10, indicating an upward trajectory in line with the global market trends.
Globally, the gold market continues to be influenced by geopolitical tensions and fluctuating currency values, which contribute to the overall demand for precious metals. The increase in gold and silver prices underscores a persistent investor interest in these commodities as a hedge against inflation and market volatility.
The local market’s response, reflected in the increased pcsBuy rate, indicates a robust demand for gold among Pakistani investors. The consistent rise in gold prices aligns with international trends, suggesting a synchronization of local and global markets.
As the day progresses, market participants will be keenly observing further developments in the international scene, which could influence the local pricing and demand patterns. The ongoing dynamics highlight the interconnectedness of global and local markets, emphasizing the importance of staying informed on international economic indicators.









