Karachi: The ongoing bullish trend in global and local markets shows no signs of slowing, as gold prices recorded a significant increase for the second consecutive day, once again drawing strong attention from investors.
Uncertainty in global financial markets, a growing shift toward safe-haven investments, and volatility in currencies have pushed gold back into the spotlight, with the impact clearly visible in Pakistan’s local bullion markets.
In the international bullion market, gold prices registered a sharp increase on the second trading day of the week, rising by 32 dollars to reach 4456 dollars per ounce. This upward movement in global prices was also reflected in local markets, where gold became more expensive by several thousand rupees.
In the domestic market, the price of 24-carat gold per tola increased further, while the rate of gold per 10 grams also moved higher, highlighting the strong influence of global trends on local pricing. According to market association data, gold rose by 3200 rupees per tola to reach 467,962 rupees, while the price per 10 grams increased by 2743 rupees to 401,201 rupees.
Market sources said that the recent surge in gold prices has affected jewelry purchases, particularly during the wedding season, as buyers face financial pressure. Although activity continues in bullion markets, rising prices have made ordinary consumers more cautious, leading many to delay purchasing decisions. In contrast, investors continue to view gold as a secure investment option.
Meanwhile, silver prices also recorded an increase at the local level, with rates rising for both per tola and per 10 grams. According to market sources, silver climbed by 338 rupees to 8361 rupees per tola, while the price per 10 grams rose by 290 rupees to 7168 rupees.
It is noteworthy that a sharp increase in gold prices was also recorded a day earlier. Analysts believe that if global conditions do not improve significantly, gold prices may remain elevated in the coming days, continuing to directly impact local markets and consumers.
