Gold prices rose sharply across Pakistan, reflecting strong demand and broader global market pressures.
According to the Sindh Sarafa Association, the price of gold rose by Rs3,400 per tola, taking the rate to Rs469,562 per tola. The price of 10 grams of gold also climbed significantly, increasing by Rs2,915 to reach Rs402,573.
Traders described the move as one of the steepest single-day gains in recent weeks. Analysts linked the surge to rising international gold prices, a weaker local currency, and renewed domestic buying interest. During periods of economic uncertainty, investors often turn to gold as a safe-haven asset, supporting higher prices.
Read: Gold Prices Drop Nationwide as Rates Fall by Rs600 Per Tola
Bullion market activity remained brisk as buyers and investors adjusted to the new rates. Market watchers said international trends and exchange rate movements continue to play a decisive role in shaping local gold prices, with volatility likely to persist in the near term.
