Gold Prices in Pakistan moved sharply higher across major cities, creating fresh concern among buyers and investors. The local bullion market recorded a significant jump in rates within a single trading session. Traders linked the increase to strong momentum in international markets.
According to market data shared by the All Pakistan Gems and Jewellers Association, the price per tola climbed noticeably. After the latest surge, one tola of gold now stands at Rs550,562. Dealers reported strong volatility throughout the day.
The price of 10 grams of gold also followed the same trend. It rose by Rs8,574, pushing the new rate to Rs472,018. Analysts say the steady climb reflects broader global pressures.
Experts believe Gold Prices in Pakistan reacted directly to the sharp increase in international bullion rates. In the global market, gold gained $100 per ounce. The new international rate reached $5,278 per ounce. Local traders quickly adjusted domestic prices in response.
Jewellers say rising demand in global markets often impacts local pricing. Currency fluctuations also play a key role. When international prices increase, Gold Prices in Pakistan usually respond immediately.
Market observers note that investors often turn to gold during uncertain economic conditions. Many see gold as a safe-haven asset. This trend continues to influence buying patterns in Pakistan.
Retail buyers expressed concern over affordability. Many customers delayed purchases due to the sudden spike. Wedding season demand may also slow if Gold Prices in Pakistan continue to rise.
Bullion dealers expect short-term volatility to continue. However, they advise investors to monitor global trends closely. Any shift in international markets will directly affect Gold Prices in Pakistan in the coming days.
For now, the gold market remains active but cautious. Buyers and traders are watching price movements carefully before making major decisions.
