Gold Prices Surge in Pakistan and Global Market Amid Regional Tensions
Gold prices in Pakistan recorded a sharp increase on Saturday, extending a six-day upward streak driven by global uncertainty amid the ongoing Iran-Israel conflict. The domestic market followed international trends, where gold prices also edged higher.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola rose by Rs1,465, reaching Rs358,465, while the price of 10 grams of gold climbed by Rs1,256, now standing at Rs307,325. This marks a continuation of the bullish trend following a brief five-day decline earlier in the month.
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In the global market, gold gained $13 per ounce, bringing the international rate to $3,369 per ounce. The sustained rise reflects investor movement towards safe-haven assets amid heightened geopolitical risks in the Middle East.
Silver, in contrast, witnessed a slight decline in Pakistan. The price of one tola of 24-karat silver dropped by Rs11, settling at Rs3,785, while the price of 10 grams of silver fell to Rs3,245.
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