Gold price in Pakistan witnessed a slight increase on Saturday after declining for five consecutive days.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola rose by Rs1,800, reaching Rs433,662 in the local market.
The rate for 10 grams of 24-karat gold stood at Rs371,795, reflecting an increase of Rs1,543, while 10 grams of 22-karat gold climbed to Rs340,824, showing a gain of Rs1,414.
Global gold prices on rise
In the international market, gold prices increased by $18, reaching $4,113 per ounce. The rise in global prices is attributed to renewed investor interest amid economic uncertainty and currency fluctuations.
Also Read: Gold price in Pakistan falls for 5th straight day
Market analysts said the appreciation of the US dollar and shifting interest rate expectations have pushed investors towards safe-haven assets like gold.
Silver prices also see hike
Silver price in Pakistan also followed the same trend. The rate of 24-karat silver per tola witnessed a hike of Rs57 to reach Rs5,124, while 10 grams of silver were being sold for Rs4,393.
