Gold Prices Rise Further in Global and Local Markets, Silver Records Decline

Gold prices continued their upward trend in both international and local markets, while silver prices witnessed a decline.

According to market reports, the international bullion market recorded an increase of 13 dollars per ounce in gold prices on Saturday, pushing the global gold rate to 4,538 dollars per ounce.

Following the rise in international prices, local bullion markets also experienced an increase. The price of 24-karat gold per tola rose by Rs1,300, reaching Rs476,162 per tola.

Similarly, the price of 10 grams of gold increased by Rs1,115, bringing the new rate to Rs408,232.

Meanwhile, silver prices moved in the opposite direction. In the international market, silver was priced at 75.29 dollars per ounce.

In Pakistan’s local market, the price of silver per tola decreased by Rs21 to Rs8,013, while the price of 10 grams of silver fell by Rs18 to Rs6,869.

Market analysts say that global economic conditions, investor sentiment, and fluctuations in demand and supply of precious metals continue to influence gold and silver prices worldwide.