Gold and Silver Prices Reverse Trend – Fresh Hike Reported in Local Market

The downward trend in gold and silver prices has come to a halt in both local and international markets, with fresh gains recorded across all categories, according to the All Pakistan Sarafa Association.

The price of 24 karat gold/tola rose by Rs 900, now standing at Rs 477,162 in the domestic market. Likewise, the price of 10 grams of gold increased by Rs 772, to exceed Rs 409,089.

Internationally, gold prices rose by $9 per ounce to close at $4,548 in the international bullion market.

Silver prices followed the same trend, with the per tola rate of silver increasing by Rs 26 to reach Rs 8,099.

However, market analysts point out that global demand, currency fluctuations and investor confidence still have an impact on precious metal prices, causing them to be volatile on both local and international markets.

The latest rates were issued by the All Pakistan Sarafa Association.