Gold prices recorded a strong rally in both international and local bullion markets, driven by continued global demand and market volatility.
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In the international bullion market, the price of gold surged by $78 per ounce, taking the global rate to $4,744 per ounce.
Following the international trend, local gold prices in Pakistan also witnessed a major increase. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola climbed by Rs7,800 to reach Rs496,762.
The rise came a day after another sharp jump in prices, when gold per tola increased by Rs11,100 to settle at Rs488,962.
Meanwhile, the price of 10 grams of gold rose by Rs9,517, reaching Rs419,206 in local markets.
Silver prices also moved upward, with the rate per tola increasing by Rs223 to Rs8,072.
Bullion traders said international market uncertainty and strong investor interest in safe-haven assets continued to support gold prices globally.
