In alignment with the surge in the global market, gold rates in Pakistan experienced an upward trajectory on Thursday.
The precious metal, often viewed as a barometer for economic sentiment, reached Rs216,300 per tola, marking an increase of Rs800 over the course of the day.
As reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the 10-gramme gold bar was traded at Rs185,442 following a notable rise of Rs686.
This shift in prices follows a contrasting trend from the preceding day, when gold prices in Pakistan had seen a decline of Rs600 per tola.
The international gold rate exhibited a similar positive movement on Thursday, reaching $2,060 per ounce with a $20 premium.
This uptick of $5 in the global market, as highlighted by APGJSA, contributed to the buoyancy in the local gold prices.
Conversely, silver rates remained steadfast at Rs2,600 per tola, maintaining stability in the precious metals market.
This fluctuation in gold prices can be attributed to the intricate interplay of various global economic factors.
Analysts suggest that investors and traders should closely monitor these trends to make informed decisions in the ever-evolving market.
