Karachi: Gold prices in Pakistan recorded a strong increase on Tuesday, following gains in the international market and reversing losses from the previous session. In the local bullion market, the price of gold per tola rose by Rs16,300 to reach Rs464,062.
Similarly, the price of 10-gram gold increased by Rs13,975, settling at Rs397,858, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association. Consequently, the sharp upward movement reflected renewed investor interest and global price recovery.
A day earlier, gold prices had witnessed a significant drop of Rs43,600 per tola, mirroring a decline in international rates. However, Tuesday’s rebound indicates continued volatility in both domestic and global markets.
Meanwhile, gold prices in the international market surged by $163 per ounce, reaching $4,413, including a $20 premium. This increase directly influenced local pricing trends, as Pakistan’s bullion market closely tracks global rates.
In addition, silver prices also followed an upward trajectory. The price of silver per tola rose by Rs570, reaching Rs7,454 in the local market. Therefore, both precious metals recorded gains amid shifting investor sentiment.
Market analysts noted that fluctuations in global economic conditions, currency movements, and geopolitical uncertainty continue to impact precious metal prices. As a result, traders expect further volatility in the coming days.
Overall, Tuesday’s rally underscores the sensitivity of Pakistan’s bullion market to international developments and highlights the ongoing uncertainty driving investor behavior.
