Summary Gold and silver prices rose again in Pakistan and global markets, with gold per tola reaching Rs 499,962 and international prices increasing by $46 per ounce.
ISLAMABAD (Dunya News) - Gold and silver prices once again increased in both local and international markets after a day’s gap, according to the All Pakistan Sarafa Association.
In Pakistan, the price of 24-karat gold per tola increased by Rs 4,600, reaching Rs 499,962. Similarly, the price of 10 grams of gold rose by Rs 3,943 to Rs 428,636.
Silver prices also recorded an increase, with per tola silver rising by Rs 326 to reach Rs 8,260.
In the global market, gold saw a significant increase of $46 per ounce, reaching $4,776.
Market experts say fluctuations in international demand and economic uncertainty are continuing to push precious metal prices higher.
A day earlier, gold prices dropped significantly, with the per tola rate falling by Rs1,600 to close at Rs495,362. Similarly, the price for 10 grams declined by Rs1,371, settling at Rs424,693.
The international bullion market also reflected a decline, with gold losing $16 per ounce to trade around $4,730.
Silver prices in Pakistan followed the downward trend, with the per tola rate decreasing by Rs130 to reach Rs7,934.
Meanwhile, Pakistan Stock Exchange (PSX) opened the new trading week under pressure following the announcement by the United States of a potential blockade on Iranian ports.
During early trading, the KSE-100 index dropped more than 5,000 points, reaching 161,659, down from last week’s closing level of 167,191.
The decline reflects investor concerns after US-Iran talks failed to produce a resolution, raising fears of increased geopolitical tensions.
