Gold prices in Pakistan saw a massive increase on Thursday, following a sharp upward trend in the international market. After a day of decline, the precious metal made an impressive comeback, surprising traders and investors alike.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola jumped by Rs. 8,300, reaching a new rate of Rs. 443,062. Similarly, the price of 10 grams of gold rose by Rs. 7,116, now standing at Rs. 379,854.
This sudden spike came just a day after a drop of Rs. 1,000 per tola on Wednesday. Market experts attribute the rebound to global market movements, with gold gaining significant momentum as investor sentiment improves.
On the international front, the price of gold climbed to $4,207 per ounce, which includes a $20 premium. This marks an $83 increase in just one day, reflecting renewed investor interest in gold amid growing global economic uncertainty.
Meanwhile, silver prices followed a similar trend, increasing by Rs. 228 to reach Rs. 5,662 per tola.
Jewellers believe this recent surge could attract more short-term buyers, although it may also put pressure on those planning major purchases like weddings. Analysts predict that gold prices will remain volatile in the coming days, depending on international trends and currency movements.
For now, Pakistan’s gold market remains highly active, with investors keenly watching how long this upward streak will continue.
