Gold prices in Pakistan soared on Saturday, mirroring a rally in the global bullion market as investors continued to flock to safe-haven assets amid economic uncertainty.
Read more: Gold Recovers After Two-Day Decline
Internationally, gold surged by $41 per ounce, reaching $3,371, driven by heightened investor demand and concerns over global market stability. The upward movement spilled over into Pakistan’s bullion markets, where rates recorded significant gains.
According to the All Pakistan Gems and Jewellers Association, the price of 24-carat gold rose by Rs4,100 per tola, settling at Rs359,800. Similarly, the 10-gram price jumped by Rs3,222 to Rs308,470.
Silver followed the same trend, with per tola rates climbing by Rs108 to Rs4,121, while 10-gram prices increased by Rs93 to Rs3,533.
Traders said the surge reflected not only the strength of the global market but also persistent domestic demand, as buyers look to gold as a hedge against inflation and currency volatility.
Read more: Gold Price Drops by Rs1,400 Per Tola in Pakistan
Bullion experts noted that gold prices are likely to remain volatile in the near term, with further upward pressure possible if global economic uncertainties continue.
