Gold prices in Pakistan surged on Tuesday, hitting a new all-time high amid strong international market gains. The price of gold per tola rose to Rs. 493,662, an increase of Rs. 4,300 in a single day, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Similarly, 10-gram gold also climbed, reaching Rs. 423,235, up Rs. 3,686. On Monday, gold per tola had jumped to Rs. 489,362, recording a remarkable Rs. 7,500 increase in just one session. Traders said these rapid gains reflect growing demand and international price trends.
Internationally, gold prices rose by $43, reaching $4,713 per ounce, with an additional premium of $20. Experts say that fluctuations in the global market have a direct impact on local gold prices in Pakistan. Rising global demand and economic uncertainty are contributing factors to the ongoing price surge.
Silver prices in Pakistan also increased on Tuesday. The price per tola rose by Rs. 87, reaching Rs. 9,869. Analysts noted that both gold and silver are benefitting from investor interest amid economic instability and inflation concerns.
Market experts predict that gold prices may continue to rise in the near term. Factors such as international market trends, currency fluctuations, and investor sentiment are expected to influence future price movements. Buyers and sellers are advised to monitor rates closely before making transactions.
The APGJSA highlighted that gold remains a preferred investment in Pakistan, especially during uncertain economic conditions. Silver is also attracting traders and collectors, adding momentum to the precious metals market.
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In summary, the surge in gold prices reflects both domestic demand and global market dynamics. Investors, traders, and consumers are keeping a close eye on daily rates, as precious metals continue to offer a safe haven for wealth preservation.
