Gold Prices Surge Again as Global Rates Hit New Highs
The price of gold continued its upward trend in both international and local markets on Saturday, driven by strong global demand and investor interest.
In the international bullion market, gold prices increased by $11 per ounce, reaching $3,356, marking another significant milestone.
Gold Prices in Pakistan
Following the international surge, local gold markets in Pakistan also saw notable increases:
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24-karat gold rose by Rs1,100 per tola, bringing the new rate to Rs358,100.
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The price of 10 grams of 24-karat gold went up by Rs944, now priced at Rs307,013.
Silver Also Gains Momentum
Silver prices followed a similar trend:
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Silver per tola climbed by Rs85, reaching Rs4,022.
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10 grams of silver increased by Rs73, now standing at Rs3,448.
On the international front, spot silver jumped by 3.9%, trading at $38.46 per ounce, its highest level since September 2011.
Market Outlook
Analysts believe the rising prices are fueled by a mix of economic uncertainty, inflation concerns, and safe-haven buying. With precious metals regaining investor confidence, further fluctuations are expected in the coming weeks.
Stay updated with the latest gold and silver rates, and make informed investment decisions.
