KARACHI: Gold prices in Pakistan resumed their upward trend on Saturday, with rates increasing in local bullion markets after a one-day pause, according to figures released by the All Pakistan Sarafa Association.
The latest increase in gold prices in Pakistan affects investors, traders, and consumers tracking precious metal markets, as both local and international gold rates recorded gains during the day.
According to the association, the price of 24-karat gold rose by Rs1,300 per tola, bringing the new rate to Rs476,162 per tola.
The price of 10 grams of 24-karat gold also increased by Rs1,115, reaching Rs408,232 in local markets.
Silver records decline
While gold moved higher, silver prices posted a decline. The price of silver fell by Rs21 per tola and settled at Rs8,013.
Market participants said the mixed trend reflected ongoing fluctuations in precious metal trading, with gold maintaining upward momentum while silver moved lower.
International market trend
Global gold prices also registered an increase. In the international market, gold gained $13 per ounce, pushing the price to $4,538 per ounce.
The movement in international rates often influences domestic bullion markets, with local prices generally adjusting in line with global trends and currency market conditions.
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