Gold prices in Pakistan experience a significant increase following a two-day hiatus.

Following a two-day hiatus, gold prices in both foreign and domestic markets experienced a significant increase on Thursday (today). The international bullion market witnessed a stunning surge in the price of gold, rising by $83 to reach a new global rate of $4,207 per ounce. In local bullion markets, the price of 24-karat gold increased substantially by Rs8,300 per tola, attaining Rs443,062. Concurrently, the price of 10 grammes of gold surged by Rs7,116, reaching Rs379,854. Market analysts indicate that the resurgence in gold prices is propelled by investors seeking to protect their assets against devaluation and an increasing demand from BRICS nations. This change has inverted the temporary decline observed previously in both global and domestic markets. Concurrently, the price of silver in Pakistan experienced a significant spike. The rate for one tola of silver rose by Rs228, reaching Rs5,662, while the 10-gram silver price climbed by Rs196 to Rs4,854.