Gold became more expensive in Pakistan once again, as local markets saw another sharp rise in rates on Thursday. Jewellers reported that the latest jump has put additional pressure on buyers already dealing with high costs of essential items.
According to market data, the price of gold surged across different weight categories, with rates increasing in major cities such as Karachi, Lahore and Islamabad. Traders said the upward movement came after strong demand in the international market and fluctuations in the global currency trend.
Here are the latest prices:
| Gold Weight | New Price (PKR) | Change (PKR) |
|---|---|---|
| 1 Tola | 423,062 | +3,700 |
| 10 Grams | 362,707 | +3,112 |
| Silver (1 Tola) | 5,112 | +90 |
Local jewellers explained that gold prices in Pakistan often follow global trends. This time, the international market also saw an increase, supported by a weaker US dollar and uncertainty surrounding the American economy. Investors worldwide are turning back to gold as a safe asset, pushing rates higher.
Internationally, gold moved up to $4,007 per ounce, marking a noticeable rise compared to the previous session. Futures trading also showed slight gains, signaling the possibility of continued momentum in the coming days.
Despite the fresh spike, experts noted that global gold values remain lower than the record high seen in October. Still, the steady upward trend in Pakistan has kept buyers cautious, with many choosing to wait for stability before making purchases.
Market analysts believe prices may remain volatile in the short term, depending on global economic news, currency movements and local demand.
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