Gold prices in Pakistan experienced a significant increase on Thursday, April 10, 2025, as the price of 24-karat gold surged by Rs7,800 per tola. This price movement has caught the attention of both investors and traders. The price now stands at Rs328,800 per tola, marking a sharp rise that reflects broader global market trends and local economic factors.
Key Takeaways:
- The price of 24-karat gold rises by Rs7,800, bringing it to Rs328,800 per tola.
- The price of 24-karat gold per 10 grams rises to Rs281,893, reflecting an increase of Rs6,688.
- 22-karat gold also rises, with the price per 10-gram increasing to Rs258,411.
- Silver prices also see an uptick, with 24-karat silver reaching Rs3,234 per tola.
- Global gold prices rise, reaching approximately $3,124 per ounce.
Detailed Analysis
Market Context
The sharp increase in gold prices in Pakistan is primarily influenced by global economic and geopolitical factors. Gold, traditionally viewed as a safe-haven asset, often increases in value during times of uncertainty. This time, the escalating trade tensions between the United States and China have had a significant impact on global markets, driving up gold prices. Although President Donald Trump announced a temporary 90-day pause on tariffs, the uncertainty surrounding international trade continues to fuel demand for gold as a secure investment.
The rise in the Pakistani gold market is part of this global trend. As foreign investors react to the instability caused by these trade wars, gold prices see upward movement. Local factors, such as the fluctuation of the Pakistani Rupee (PKR) against the US Dollar, further affect the domestic prices.
Technical Insights
On a technical level, gold in Pakistan is benefiting from a supportive environment. The rising prices are following key resistance levels, with 24-karat gold showing consistent growth. Investors are closely watching support levels, which have held steady even during market fluctuations. If gold prices continue to rise, the next major resistance level could be around Rs340,000 per tola.
The rise in silver prices also adds to the overall positive sentiment in the precious metals market. Silver, which is often seen as a more affordable alternative to gold, has seen its price per tola increase by Rs64, reaching Rs3,234.
Global Impact
Globally, gold has been performing strongly. As of the latest trading data, spot gold is priced near $3,124 per ounce, reflecting a gain of $38.2 or 1.24% from the previous session. The global market dynamics are a key factor driving local price increases. The trade war between the United States and China is expected to continue affecting markets, with gold remaining a top choice for investors seeking stability during uncertain times.
Quotes and Opinions
Experts suggest that the upward trend in gold prices might persist in the short term, especially if the global trade tensions continue. “A leading financial analyst states that gold has consistently been a preferred asset during times of crisis. “With the ongoing trade war, we expect gold to continue its upward trajectory as investors flock to safe assets.”
Conclusion
Gold prices in Pakistan have surged notably, influenced by global economic trends and domestic market fluctuations. The increase of Rs7,800 per tola reflects growing investor interest in gold amidst geopolitical instability. As the situation unfolds, the price of gold is expected to remain volatile but could continue to rise if global trade tensions persist.
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