KARACHI (Dunya News) - Gold and silver prices recorded an increase across Pakistan on Saturday, reflecting a bullish trend in the domestic precious metals market amid supportive global cues and steady local demand.
According to the All Pakistan Sarafa, Gems and Jewellers Associations, the price of 24-karat gold rose by Rs3,700 per tola to Rs473,262. The price of 10 grams of 24-karat gold increased by Rs3,172 to Rs405,745, while 10 grams of 22-karat gold climbed Rs2,908 to settle at Rs371,946.
Market analysts say the upward movement indicates renewed strength in the local gold market, driven by international price fluctuations and ongoing investor interest.
On the international front, gold prices also registered a modest gain, with the metal trading at $4,509 per ounce, up $37. The rise in global prices contributed to higher interbank rates in Pakistan.
Silver prices followed a similar upward trajectory. The price of 24-karat silver increased by Rs270 per tola to Rs8,465, while 10 grams of silver rose by Rs232 to Rs7,257. In the international market, silver was priced at $79.90 per ounce, up $2.7.
Experts note that the continued rise in gold and silver prices reflects growing demand for precious metals as a safe-haven investment amid ongoing economic and market uncertainties.