Gold prices in Pakistan surged sharply today as renewed buying interest in international markets lifted local bullion rates after a recent correction. Both gold and silver recorded strong gains, reflecting improving investor sentiment in the precious metals market.
In the global market, gold prices rebounded significantly, rising by $57 per ounce to reach $4,379 per ounce. Analysts say the jump was driven by fresh demand from investors who stepped back into the market after prices pulled back earlier in the week.
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Following the international trend, Pakistan’s local gold market also witnessed a sharp increase. The price of gold per tola jumped by Rs. 5,700, pushing the rate to Rs. 460,262 per tola. Similarly, the price of 10 grams of gold rose by Rs. 4,887 to settle at Rs. 394,600, according to market data.
Silver prices also moved higher, with per tola silver increasing by Rs. 227 to reach Rs. 7,862, indicating strong momentum across the precious metals segment.
Market experts attribute the sudden rebound to volatility in global bullion markets and renewed investor interest following earlier price declines. Analysts believe precious metal prices may remain volatile in the near term as global economic signals and currency movements continue to influence market direction.
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