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Gold prices in Pakistan extended their upward momentum on Thursday, marking a third consecutive increase in both domestic and international markets as global bullion demand remained strong across Gulf and European trading hubs.

In the international market, gold prices climbed by $14 per ounce, pushing the rate to $4,825 per ounce amid sustained investor interest in safe-haven assets.

Reflecting the global trend, local gold prices also moved higher. The price of 24-karat gold per tola rose by Rs. 1,400, settling at Rs. 504,862 per tola, compared to Rs. 503,462 recorded a day earlier.

Similarly, the price of 10 grams of gold increased by Rs. 1,200, reaching Rs. 432,837.

Silver prices followed the same upward trajectory. The rate of silver per tola gained Rs. 110, closing at Rs. 8,514.

Market analysts attribute the continued rise to persistent global uncertainty and stronger bullion demand in international markets, which continues to transmit upward pressure onto Pakistan’s local precious metals market.

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