Gold Prices Rise for Third Straight Day, Hit New Highs in Pakistan and Globally
Gold prices continued their upward momentum for the third consecutive day, registering sharp gains in both domestic and international markets. In Pakistan, the price of 24-karat gold per tola increased by Rs1,100 on Saturday, pushing the rate to a record Rs358,100. Similarly, the price of 10 grams rose by Rs944, reaching Rs307,013, according to the All Pakistan Sarafa and Jewellers Association.
The international bullion market also saw a steady rise, with gold gaining $11 per ounce to settle at $3,356. Over the past three days, global gold prices have climbed by a total of $64 per ounce, reflecting sustained investor interest and bullish market sentiment.
Also Read:
Silver prices also mirrored the surge in gold. In the local market, silver per tola rose by Rs85 to Rs4,022, while the 10-gram price increased by Rs73, settling at Rs3,448. Globally, silver gained $0.85 to reach $38.38 per ounce. Notably, spot silver rose 3.9% to $38.46 per ounce, its highest level since September 2011.
The cumulative increase in gold prices over the last three days in Pakistan now stands at Rs6,600 per tola, indicating persistent demand and growing concerns about global economic stability. Experts attribute the rally to international economic uncertainties, currency fluctuations, and ongoing geopolitical tensions, which continue to drive investors toward safe-haven assets like gold and silver.
Read all the Breaking News Live on pakistantimes.com and Get Latest English News & Updates from Pakistan Times. Follow us on Whatsapp channel for more.
