KARACHI: Gold prices in Pakistan rose on Thursday in line with gains in the international market, a day after the local bullion market saw a notable decline.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs2,000 to Rs357,200. The rate for 10 grammes also climbed by Rs1,715 to Rs306,241. On Wednesday, the yellow metal had slipped by Rs1,400 to Rs355,200 per tola.
International prices also edged higher, with bullion trading at $3,345 per ounce — a $20 gain from the previous session, including a $20 premium. The increase reflected renewed investor interest amid lingering global economic concerns.
Silver mirrored the trend, with its price per tola up by Rs78 to Rs4,013.
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Bullion prices have swung sharply this month, fluctuating between Rs352,900 and Rs362,700 per tola. August has seen frequent intraday movements, with gains on some days quickly offset by declines on others. Traders attribute the volatility to shifts in the international market, currency pressures and the US dollar’s strength.
Dealers and analysts expect the precious metal to remain unstable in the coming days, with geopolitical developments and global demand continuing to guide sentiment.
