Pakistan experienced a significant increase in gold rates on Saturday, following the ongoing upward trend observed in international markets.
The price of 24-karat gold per tola surged by Rs2,700, reaching Rs235,300 in the domestic market. Similarly, the price of 24-karat gold per 10 grams rose by Rs2,315 to Rs201,732. Meanwhile, the rate for 22-karat gold per 10 grams stood at Rs184,920.
READ MORE: Gold prices soften in Pakistan as global markets witness decline
In the international market, the price of gold rose by $13, reaching $1,977. Conversely, the silver rates remained stable at Rs2,850 for 24-karat per tola. The international silver rate was recorded at $23.93.
The continuous upward trend in global markets has influenced the rise in gold rates in Pakistan. As investors seek safe-haven assets amid economic uncertainties, the demand for gold has increased, leading to higher prices. The local market is aligning with the global trend, resulting in the surge observed in gold rates in the country.
READ MORE: Gold rates in Pakistan witness increase, defying international trends
It is important to note that gold and silver prices are subject to market fluctuations and can vary daily based on global market conditions, demand, and other economic factors. Investors and individuals interested in these commodities should stay updated with the latest market trends to make informed decisions.
