Gold prices recorded another increase on Thursday, with both international and domestic markets showing an upward trend.
The All Pakistan Gems and Jewellers Association reported that the price of gold in Pakistan jumped by ₨900 per tola, settling at ₨362,600. Meanwhile, the cost of 10 grams climbed by ₨772, taking the rate to ₨310,871.
The surge mirrored developments in global trade, where the price of gold rose by $9 per ounce to reach $3,399. Market analysts said the increase was driven by safe-haven buying amid continuing uncertainty in world markets.
Experts pointed out that higher global rates directly influence domestic pricing, leaving local jewellers and investors watching the market closely. While jewellery sales remain limited due to affordability issues, many investors continue to view gold as a reliable store of value.
Traders added that the recent rise reflects investor caution, with many shifting towards bullion amid concerns over inflation and fluctuating currency markets.
