Gold and Silver prices rose on Thursday in Pakistan, supported by a weaker dollar and lower US Treasury yields, as investors grew optimistic about a potential end to the Middle East war, which has stoked fears of higher inflation.
Spot gold rose 0.9% to $4,830.82 per ounce by 0455 GMT. US gold futures for June delivery gained 0.6% to $4,853.40. Following international market trends, gold and silver prices in Pakistan recorded further increases, with the price of 24-carat gold per tola rising by Rs1,400 to Rs504,862. Similarly, the price of 10 grams of gold increased by Rs1,200 to Rs432,837.
Meanwhile, the price of silver in the country also increased by Rs110 per tola to Rs8,514, while the price of 10 grams of silver rose by Rs94 to Rs7,299.