Gold Prices Pakistan Surge Sharply After Major Increase
Gold prices in Pakistan witnessed a massive surge on Thursday, reversing the decline from the previous day. The local market reacted strongly to global trends, with prices soaring across all major cities. Traders and investors expressed surprise as rates hit new highs, reflecting increased demand and market speculation.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose sharply by Rs. 8,300, reaching Rs. 443,062. Similarly, the rate for 10 grams of gold increased by Rs. 7,116, standing at Rs. 379,854.
A Sharp Turn After Recent Decline
This unexpected price spike came just one day after gold prices dropped by Rs. 1,000 per tola on Wednesday. The market’s sudden reversal reflects high volatility, influenced by both domestic and international developments. Experts believe that the surge is driven primarily by global factors, as international gold rates saw significant upward movement overnight.
Read Also Here:
Gold Prices in Pakistan Fall After Major Increase This Week
Global Market Pushes Gold Higher
In the international market, gold climbed to $4,207 per ounce, including a $20 premium, marking an impressive $83 increase in a single day. This global rebound was fueled by renewed investor confidence amid economic uncertainties. Analysts attribute the sharp gain to concerns over inflation, global market instability, and potential interest rate changes by major economies.
Silver Prices Follow Uptrend
Silver also joined the rally, with its price per tola rising by Rs. 228 to reach Rs. 5,662. This upward movement aligns with the overall bullish sentiment in the precious metals market. Analysts say that as gold prices soar, silver often follows, offering traders a more affordable alternative for short-term investments.
Market Experts Weigh In
According to local jewellers and financial analysts, the sharp increase in gold prices could influence short-term buying trends. While some investors see this as an opportunity for profit, others—particularly those preparing for weddings or large purchases—may face financial pressure.
Experts predict that volatility will persist, with prices likely to fluctuate based on changes in the global economy, oil prices, and the U.S. dollar’s performance. They also note that Pakistan’s local currency fluctuations can further amplify these effects on domestic gold rates.
Impact on Pakistani Buyers and Investors
For Pakistani buyers, the surge presents both opportunities and challenges. Investors who purchased gold during the earlier dip are now seeing strong returns. However, ordinary consumers—especially those planning jewellery purchases—are expected to face higher costs.
Jewellers have reported increased activity in the market, as some buyers rush to make purchases before prices climb further. On the other hand, many cautious investors are waiting to see whether this uptrend stabilizes or continues to rise.
What’s Next for the Gold Market?
Financial experts suggest that the next few days will be critical in determining whether this increase is temporary or part of a longer-term trend. Much will depend on international market signals, inflation data, and investor sentiment.
Those interested in tracking real-time global prices can visit Gold Price Today – Bloomberg Markets
for official updates.
For now, Pakistan’s gold market remains highly active, reflecting a mix of excitement, caution, and speculation among traders.
Read More Here:
