Gold prices in Pakistan increased on Saturday, July 18, in line with gains in the international bullion market as investors continued to assess escalating geopolitical tensions in the Middle East alongside expectations that US interest rates could remain higher for longer.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola rose by Rs2,400 to Rs424,236.
The price of 10 grams of 24-karat gold increased by Rs2,057 to Rs363,713, while 10 grams of 22-karat gold gained Rs1,885 to Rs333,415.
In the international market, spot gold rose by $24 to $4,018 per ounce.
Silver prices also moved higher, with the price of silver per tola increasing by Rs41 to Rs6,070, while 10 grams of silver gained Rs36 to Rs5,204.
In the global market, spot silver rose by $0.41 to $55.91 per ounce, according to the association.