KARACHI: Gold prices in Pakistan increased on Thursday, with the price of 24-karat gold per tola rising by Rs400, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
Following the increase, the price of one tola of gold reached Rs425,436 in the local market.
The association also reported that the price of 10 grams of gold increased by Rs343, bringing it to Rs364,742.
Global Gold Prices Also Increase
The rise in domestic gold prices came as international bullion markets also recorded gains.
According to the APSGJA, the international price of gold increased by $4 per ounce, reaching $4,030 per ounce.
Market Trend
Gold prices in Pakistan generally move in line with international bullion rates while also reflecting fluctuations in the exchange rate of the Pakistani rupee against the U.S. dollar.
Market analysts say global gold prices continue to be influenced by factors such as geopolitical tensions, inflation expectations, central bank policies, and investor demand for safe-haven assets.
The latest increase follows continued volatility in international financial markets, where precious metals often attract investors during periods of economic and geopolitical uncertainty.
Jewellers and traders will continue to monitor movements in global bullion markets and currency exchange rates, both of which play a significant role in determining local gold prices on a daily basis.
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