Karachi: Gold prices in Pakistan witnessed an upward trend on Tuesday, aligning with gains in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs600, settling at Rs339,400.
Similarly, the price of 10 grams of gold also saw a notable rise, climbing by Rs514 to reach Rs290,980. This increase reflects a continued fluctuation in precious metal prices, driven by global market movements and investor sentiment.
On the international front, gold prices experienced a modest gain. The global rate rose by $6, reaching $3,224 per ounce, inclusive of a $20 premium. The rise in international rates came amid growing demand for safe-haven assets, especially in light of ongoing geopolitical tensions and concerns over economic stability in several regions.
The recent surge follows a sharp drop in domestic gold prices just a day earlier. On Monday, gold per tola had declined by Rs1,800, closing at Rs338,800. However, Tuesday’s recovery indicates resilience in the market, with buyers responding to fluctuations in the global economy and currency dynamics.
In addition to gold, silver prices also saw a significant increase. The price per tola of silver rose by Rs163, reaching Rs3,397. Silver rates have been steadily climbing in recent weeks, echoing the upward trajectory of gold and increasing demand in both industrial and investment sectors.
Jewellers and market analysts suggest that precious metals may continue to experience volatility in the coming days, influenced by global financial markets, inflation trends, and central bank policies. Buyers in Pakistan are advised to stay updated on price movements before making investment decisions.
With gold continuing to be viewed as a safe investment during times of uncertainty, the local market is expected to remain active, especially as wedding season approaches — a traditionally high-demand period for gold jewellery in the country.
