Gold Price Soars Rs 7,900 Per Tola as Global Gold Crosses $5,012

Gold and silver prices moved sharply higher today, with the gold price in Pakistan posting a significant jump in both local and international markets.

The price of gold per tola increased by Rs 7,900, reaching Rs 523,962. Similarly, the price of gold per ten grams rose by Rs 6,773 to settle at Rs 449,212. This strong upward movement reflects growing pressure in global bullion markets and continued demand for safe-haven assets.

In the international bullion market, gold prices also climbed. The price per ounce increased by $79, reaching $5,012. The rise in the global market has directly influenced the domestic gold price, as local rates typically adjust in line with international trends and currency fluctuations.

Silver Prices Also Climb

Silver followed the same upward trend. The price of silver per tola increased by Rs 358, reaching Rs 8,404. Meanwhile, the price of silver per ten grams rose to Rs 7,205.

Although silver’s increase was relatively smaller compared to gold, the overall direction of the precious metals market remained positive.

Why the gold price Is Rising

Gold Price Soars Rs 7,900 Per Tola as Global Gold Crosses $5,012

Several factors are contributing to the recent rise in the goldprice:

• Increased global economic uncertainty

• Fluctuations in the US dollar

• Strong demand from investors seeking safer assets

• Central bank buying in international markets

When global gold prices move upward, domestic rates usually follow due to import-based pricing mechanisms.

Market Outlook

Analysts suggest that if international gold prices continue to strengthen above the $5,000 per ounce level, further increases in the local goldprice may be seen in the coming days. However, short-term corrections are also possible depending on currency movement and global economic data.

Investors and buyers are advised to monitor the goldprice closely, especially those planning large purchases such as jewelry or bullion investment.