Gold prices in Pakistan increased on Tuesday, reflecting an upward trend in the international bullion market. The rise comes amid renewed investor interest in safe-haven assets, driven by global economic uncertainty and movements in international gold rates.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market rose by Rs. 1,500 during the day. Following this increase, the per tola price reached Rs. 526,262, marking another notable jump after recent volatility in domestic gold prices.
Similarly, the price of 10-gram gold also moved upward. It was sold at Rs. 451,184 after registering an increase of Rs. 1,286. On the previous trading day, gold had closed at Rs. 524,762 per tola, after a sharp rise of Rs. 5,300, indicating continued strong momentum in the market.
Market analysts say the local gold market has been reacting closely to fluctuations in international prices, as well as movements in the exchange rate. Any rise in global gold prices or weakening of the local currency tends to translate quickly into higher domestic rates.
In the international market, gold prices also recorded gains on Tuesday. The price of gold increased by $15 to reach $5,035 per ounce, including a premium of $20. The upward movement reflects growing demand for gold as investors seek stability amid concerns over inflation, interest rate expectations, and geopolitical developments.
Experts believe that global economic signals, including uncertainty surrounding monetary policies of major economies, continue to support gold prices. Investors often turn to gold as a hedge during periods of market instability, which keeps international prices elevated and influences local markets such as Pakistan.
Despite the increase in gold prices, silver prices in Pakistan remained unchanged. According to market data, silver was traded at Rs. 8,615 per tola, showing stability compared to gold’s fluctuations. Traders noted that silver demand has remained relatively steady, with fewer sharp movements compared to gold.
Jewellers and bullion traders have advised buyers to remain cautious, as gold prices have shown sharp swings in recent weeks. Some market participants expect further volatility in the coming days, depending on global market trends and domestic economic factors.
Overall, the rise in gold prices has once again highlighted the metal’s role as a key investment option in Pakistan. With international prices showing strength and local demand remaining steady, gold continues to attract attention from investors and consumers alike.
Also read: Gold and Silver Prices Today
