Gold prices in Pakistan registered a notable surge on Saturday, mirroring the substantial upward movement observed in international markets. This sharp increase has added fresh momentum to the precious metals sector after a period of relative stability.
In the domestic bullion market, the price per tola of gold experienced a significant jump of Rs6,100, bringing the new rate to Rs359,000. This update was shared by the All-Pakistan Gems and Jewellers Sarafa Association, which closely monitors market fluctuations. The increase marks a sharp contrast to the previous day’s trading session when prices had recorded a minor decline of Rs100 per tola, settling then at Rs352,900.
The price hike was not limited to tola measurements alone. The rate for 10 grams of gold also moved up markedly, rising by Rs5,229 to reach Rs307,784. These developments underscore renewed investor interest in gold, driven partly by uncertainty in other asset classes and expectations of further gains in international valuations.
On the global stage, gold posted a considerable advance, with the price per ounce climbing to $3,363. This reflects a gain of $61 compared to the prior session. According to figures released by market observers, this total includes a $20 premium, which underscores sustained international demand for the metal as a safe-haven investment.
Market analysts attribute this resurgence to a combination of factors. Geopolitical tensions, currency volatility, and speculation about possible shifts in central bank policies have all contributed to renewed buying activity. For investors in Pakistan, the rise in global prices typically translates into a corresponding adjustment in domestic rates, as the local market remains closely tied to international benchmarks.
Silver prices also moved higher in Pakistan, although the increase was more modest in comparison to gold. The price of silver per tola in local trading edged up by Rs53, closing at Rs3,953. This incremental rise reflects a parallel trend in precious metals, with both gold and silver attracting interest amid broader market fluctuations.
Overall, the sharp uptick in gold rates represents the largest single-day increase observed in recent weeks, reinforcing the precious metal’s role as a store of value during times of economic uncertainty. Traders noted that the market could witness continued volatility in the coming days, especially if international prices maintain their upward trajectory or additional geopolitical developments influence sentiment.
