Gold prices in Pakistan reached a historic high on Thursday, with 24-karat gold hitting Rs304,000 per tola. This marked a significant increase of Rs2,500 in a single day. Similarly, 24-karat gold per 10-gram rose to Rs260,631, gaining Rs2,144.
The All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) shared these updated rates. Additionally, 22-karat gold prices climbed to Rs238,920 per 10-gram. Silver prices also saw an upward trend, with 24-karat silver selling at Rs3,367 per tola and Rs2,886 per 10-gram.
Domestic Gold and Silver Prices Trends
The domestic market witnessed a sharp rise in gold and silver prices. Gold prices surged by Rs2,500 per tola, reaching Rs304,000. Silver prices also increased, with 24-karat silver rising by Rs55 per tola.
This upward trend reflects growing demand and market volatility. Investors are closely monitoring these changes to make informed decisions.
Global Gold Market Performance
Globally, spot gold traded near 2,917anounce,upby2,917anounce,upby10.9 or 0.37%. The rise was fueled by a weaker U.S. dollar and concerns over U.S. trade policies.
Investors are also awaiting inflation data, which could further impact gold prices. These factors contribute to the ongoing volatility in the global gold market.
Factors Driving the Gold Prices Surge
Several factors are driving the recent surge in gold prices. A declining U.S. dollar has increased the appeal of gold among investors. Additionally, concerns over global trade tensions have increased demand for safe-haven assets.
The uncertainty surrounding U.S. President Donald Trump’s tariff plans has also played a role. These factors combined have created a perfect storm for rising gold prices.
What This Means for Investors
The historic rise in gold prices presents both opportunities and challenges for investors. Those holding gold can benefit from the increased value. However, new buyers may find it challenging to enter the market at these high prices.
It is crucial to stay updated with the latest market trends. For real-time updates, visit Daily Gold Signal.
Conclusion
Gold prices in Pakistan have reached unprecedented levels, with 24-karat gold hitting Rs304,000 per tola. This surge is driven by both domestic and global factors, including a weaker U.S. dollar and trade tensions.
For more detailed insights and daily updates, check out Daily Gold Update. Stay informed and make the most of these market trends.
