The bullion market in Pakistan climbed further on Wednesday, extending its historic rally. Both gold and silver prices posted significant gains, reflecting strong global momentum.
The price of 24-karat gold per tola increased by another Rs 2,000, setting a fresh record at Rs 472,862. This steady climb follows an explosive Rs 8,500 surge just a day earlier.
Similarly, gold per 10 grams also moved higher.
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The 24-karat variant rose by Rs 1,714 to Rs 405,402, while 22-karat gold increased by Rs 1,572 to Rs 371,632. Domestic prices continue to shadow international trends closely.
Internationally, the gold price per ounce gained $20, reaching $4,505.
This consistent upward movement in global benchmarks provides a firm foundation for local price increases. The global gold rally shows no immediate signs of slowing down.
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Silver, however, stole the spotlight with an even sharper percentage rise. The domestic price of silver per tola skyrocketed by Rs 500 to Rs 7,705, a major single-day leap.
Silver per 10 grams followed suit, rising by Rs. 428 to Rs. 6,605.
The international silver price mirrored this surge, jumping by $5.00 to $72.30 per ounce. This powerful global move underscores a widespread commodities rally.
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Market analysts attribute the gains to ongoing economic uncertainty and year-end market dynamics. Investors are seeking tangible assets like precious metals to hedge against volatility.
All quoted prices are for a purity standard of 999 (24K).