Gold Prices Surge Again After Two-Day Decline — Markets on Edge
Silver also records uptick as precious metals rally across PakistanAfter a brief two-day respite, gold prices in Pakistan have once again witnessed a significant rise, putting fresh pressure on consumers and jewellery buyers across the country.According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola surged by Rs…
Silver also records uptick as precious metals rally across Pakistan
After a brief two-day respite, gold prices in Pakistan have once again witnessed a significant rise, putting fresh pressure on consumers and jewellery buyers across the country.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola surged by Rs 4,400, reaching a new level of Rs 483,962 per tola.
Similarly, the price of 10-gram gold increased by Rs 3,772, pushing its rate to Rs 414,919, reflecting the continued upward momentum in the precious metals market.
Silver also recorded a rise of Rs 55 per tola, with its price climbing to Rs 7,821 per tola.
Market analysts attribute the renewed spike to rising global gold prices, a strengthening US dollar, and sustained pressure on the Pakistani rupee. The surge comes at a particularly difficult time for consumers, especially those planning wedding purchases during the ongoing marriage season.
Experts advise investors and buyers to monitor international market trends closely before making significant purchases, as volatility in global commodity markets is expected to persist in the near term.
