Karachi: Gold has once again turned bullish in both international and domestic markets, following a noticeable increase in global trading rates.
In the international bullion market, gold prices rose by $20 per ounce, pushing the new rate to $3,345. This development quickly reflected in Pakistan’s local markets, where prices surged in tandem.
In local trading, the price of 24-karat gold per tola rose by PKR 2,000, now valued at PKR 357,200. The cost of 10 grams of gold also climbed, increasing by PKR 1,715 to reach PKR 306,241.
The upward trend comes just days after gold saw a PKR 2,500 drop, highlighting the ongoing instability in the precious metals market.
Analysts link this volatility to global economic uncertainty, inflation concerns, and currency fluctuations—all of which continue to drive investor interest toward safe-haven assets like gold.
Market insiders are advising cautious optimism, noting that while demand remains strong, price shifts are expected to continue in the coming weeks.
