KARACHI: Gold prices moved higher by Rs7,100 per tola in the local market on Saturday, mirroring gains in the international bullion market and reinforcing the recent pattern of volatility driven by global economic signals.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-carat gold rose to Rs533,562 per tola. The rate for 10 grams also increased by Rs6,087 to Rs457,443, reflecting renewed buying interest.
In the international market, gold prices gained $71 per ounce to reach $5,108, as investors returned to safe-haven assets amid uncertainty in global financial markets. Analysts said fluctuations in currency values, inflation expectations and shifting risk sentiment continue to influence bullion demand worldwide.
Local bullion dealers noted that gold prices in Pakistan are typically adjusted with a premium of around $20 per ounce over international rates. This adjustment accounts for exchange rate movements, import costs and domestic market conditions, which often amplify global trends in the local pricing structure.
Silver prices also registered an increase, rising by Rs374 to Rs8,948 per tola. The price of 10-gram silver climbed by Rs321 to Rs7,671, tracking gold’s upward movement.
Market participants expect prices to remain sensitive to international developments, with short-term movements likely to depend on global economic data and investor positioning. Traders said that while demand for jewellery remains cautious due to elevated prices, investment buying continues to provide underlying support to the market.
