Gold Prices Rise for Fourth Consecutive Day in Pakistan
Gold prices continued their upward trend in Pakistan on Wednesday, marking the fourth consecutive day of gains, while international gold prices also moved higher.
According to the All Pakistan Sarafa Gems and Jewellers Association, domestic gold rates increased significantly during the latest trading session.
Latest Gold Prices in Pakistan
The updated gold prices are:
| Gold Category | Latest Price |
|---|---|
| Per Tola | Rs. 433,836 |
| 10 Grams | Rs. 371,944 |
The price of one tola of gold increased by Rs. 4,600, while the price of 10 grams rose by Rs. 3,944 compared to the previous trading session.
A day earlier, gold prices had also recorded a notable increase, continuing the recent upward momentum.
International Gold Market
Global gold prices also strengthened during the day.
The international price of gold increased by $46, reaching $4,114 per ounce, reflecting continued activity in the global precious metals market.
Silver Prices Also Move Higher
Silver prices also registered a modest increase in the local market.
- Silver (per tola): Rs. 6,403
- Daily increase: Rs. 7
Market Outlook
Gold prices in Pakistan are influenced by several factors, including:
- Trends in international bullion markets
- Exchange rate movements
- Local market demand
- Global economic and financial developments
As global gold prices continue to fluctuate, local precious metal rates may also change in line with international market conditions.
