Gold prices in Pakistan saw a sharp rise on Tuesday, following a day of stability. According to data from the All Pakistan Gems and Jewellers Association, the price of 24-karat gold surged by Rs7,700 per tola, climbing to Rs436,562 from the previous Rs428,862. Likewise, the rate for 10 grams of 24-karat gold increased by Rs6,601, reaching Rs374,281 compared to Rs367,680 earlier.
Internationally, gold also witnessed a notable jump, gaining $77 per ounce to hit $4,142, up from $4,065. Silver prices followed the upward trend in the local market, with per tola silver rising by Rs152 to Rs5,422, and 10 grams silver increasing by Rs130 to settle at Rs4,648.
In a major global development, the US Export-Import Bank (EXIM) announced plans to invest $100 billion to secure supply chains for critical minerals, nuclear energy, and LNG. According to British media reports, EXIM’s chair John Jovanovic highlighted the need to reduce the West’s dependence on limited sources, calling the current situation “no longer fair.”
The first phase of investment will focus on projects in Pakistan, Egypt, and Europe. Early deals include a $4 billion credit insurance guarantee for LNG shipments to Egypt and a $1.25 billion loan for Pakistan’s Reko Diq mine operated by Barrick Mining. EXIM still has $100 billion available from the $135 billion approved by Congress, aimed at strengthening vital energy and defense supply chains.
Read more: Gold Prices Fall Again Across Pakistan
