Local Rates Climb Sharply Amid Global Uptrend
Karachi: Gold prices in Pakistan rose significantly on Tuesday, tracking gains in the international market. According to data released by the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola increased by Rs2,800, reaching Rs478,762 in the local market.
Similarly, the price of 10 grams of gold climbed by Rs2,401 to settle at Rs410,461. This upward trend follows Mondayโs surge, when gold prices rose by Rs3,900 per tola to close at Rs475,962. Therefore, the ุงุณุชู ุฑุงุฑ increase reflects sustained momentum driven by global market conditions.
Meanwhile, traders noted that fluctuations in currency exchange rates and investor demand have also contributed to rising domestic prices. As a result, local buyers continue to face higher costs amid ongoing volatility.
International Market Drives Bullion and Silver Prices Higher
In the global market, gold prices rose by $28 per ounce, pushing the rate to $4,560 with an added premium of $20. Analysts attribute the increase to growing demand for safe-haven assets amid economic uncertainty and geopolitical tensions.
Furthermore, silver prices also recorded a notable increase in Pakistan. The price of silver per tola surged by Rs260, reaching Rs7,784. Consequently, both precious metals reflected a broader upward trend in international commodity markets.
Market experts suggest that if global uncertainty persists, gold prices may continue to rise in the near term. However, they caution that sudden shifts in economic indicators or policy decisions could impact future trends.
Overall, the latest surge highlights the strong correlation between international bullion markets and domestic pricing in Pakistan.
