Gold and silver prices continued their upward momentum for a fourth consecutive session, recording gains in both international and domestic bullion markets amid strong demand and global price fluctuations.
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In the international bullion market, gold prices rose by $13 per ounce, reaching $5,185. The increase in global rates was quickly reflected in local markets, where gold prices registered a notable surge.
According to market data, the price of gold per tola climbed by Rs1,300 to reach Rs541,262. Meanwhile, the rate for 10 grams of gold increased by Rs1,114, settling at Rs464,044 in domestic trading.
Silver prices also followed the upward trend. The price of silver per tola rose by Rs268 to Rs9,554, while the rate for 10 grams of silver gained Rs230 to reach Rs8,191.
Market analysts said the continued rise in precious metal prices is driven by ongoing fluctuations in the international bullion market along with sustained investor demand, pushing gold and silver higher for the fourth straight trading session.
