KARACHI: Gold prices in Pakistan soared to an all-time high on Tuesday, continuing their upward trend in both local and international markets.
Gold Price Surges by Rs6,900 Per Tola
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold rose sharply by Rs6,900 per tola, reaching Rs435,100 in the local market.
The price for 10 grams of 24-karat gold increased by Rs5,916, standing at Rs373,028.
Meanwhile, 10 grams of 22-karat gold climbed to Rs341,954, marking a gain of Rs5,423.
Global Gold Prices Continue to Rise
In the international market, gold prices jumped by $69, reaching $4,140 per ounce.
Analysts attributed the rise to renewed investor confidence amid economic uncertainty and currency fluctuations.
They noted that the appreciation of the US dollar and changing interest rate expectations have pushed investors toward safe-haven assets like gold.
Silver Prices Remain Stable
Unlike gold, silver prices remained unchanged on Tuesday.
The rate of 24-karat silver per tola stood at Rs5,247, while 10 grams of silver were sold for Rs4,498.
Market traders said that silver demand has stayed steady, with no major fluctuations in recent days.
Investors Turn to Safe-Haven Assets
Financial experts believe gold’s continued surge reflects global concerns over inflation and geopolitical instability.
They expect volatility in currency and energy markets to sustain gold’s appeal as a secure investment option in the coming weeks.
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