Gold prices continue to soar in local, international markets

The international bullion market witnessed a significant increase in gold prices, with a $16 surge per ounce, reaching $2,755. 

This upward trend has trickled down to Pakistan's local gold market, where 24-karat gold prices rose by Rs1,600 per tola, reaching Rs285,000.

Similarly, the price of gold per 10 grams increased by Rs1,372, reaching Rs244,342. 

However, silver prices remained stable, with the price per tola holding steady at Rs3,350 and the price for 10 grams unchanged at Rs2,872.08.

Yesterday, the international bullion market saw a decline in gold prices, with a $9 drop per ounce, bringing the global price to $2,739. This volatility underscores the dynamic nature of the gold market.

Industry analysts predict continued market fluctuations, advising investors and buyers to remain informed about price changes.

Key statistics:

Gold price per tola: Rs285,000

Gold price per 10 grams: Rs244,342

Silver price per tola: Rs3,350

Silver price per 10 grams: Rs2,872.08