In Karachi, the gold price in Pakistan recorded another increase on Thursday, continuing its upward trend for the third consecutive day.
The rise comes as gold prices in the international bullion market also moved higher. The price of gold per ounce increased by $14, reaching $4,825. This global surge directly impacted local markets, where prices climbed sharply.
In local bullion markets, the price of 24-karat gold per tola increased by Rs1,400. As a result, the new price reached Rs504,862. The steady increase has raised concerns among buyers, who are now facing higher costs for jewelry and investment.
Similarly, the price of 10 grams of gold went up by Rs1,200, bringing it to Rs432,837. The consistent rise reflects strong demand and ongoing uncertainty in global financial markets.
Silver prices also followed the same trend. The price per tola of silver increased by Rs110, reaching Rs8,514. At the same time, the price of 10 grams of silver rose by Rs94 to Rs7,299. The increase in both gold and silver prices shows a broader movement in precious metals.
The gold price in Pakistan has been rising steadily over the past three days. Experts link this trend to fluctuations in the global economy and increasing demand for safe-haven assets. Investors often turn to gold during uncertain times, which pushes prices higher.
Currency depreciation is another key factor behind the rising prices. When the local currency weakens against the US dollar, imported commodities like gold become more expensive. This adds further pressure on local prices and affects consumers directly.
Market analysts believe that if the current trend in the international market continues, gold prices may increase further in the coming days. Buyers are becoming cautious and are waiting for some stability before making purchases.
On the other hand, investors continue to show interest in gold as a secure form of investment. This sustained demand is also supporting the upward movement in prices.
Experts say that future price movements will depend on global economic conditions, currency trends, and investor behavior. For now, the gold price in Pakistan remains on an upward path, affecting both traders and consumers across the country.
