Massive Increase In Gold Prices In Pakistan

KARACHI – Gold prices maintained their upward trend and experienced a significant surge on Tuesday in the local market, mirroring the movement in the global bullion market.

The price of one tola of gold rose by Rs4,600, reaching a closing value of Rs234,500. Similarly, the price of 10 grams of 24-carat gold increased by Rs3,944, closing at Rs201,050, as reported by the data from the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA).

Read more : Gold Price in Pakistan Falls Rs. 1,000 per Tola This Week

On the international front, the value of this precious commodity climbed by $10, settling at $1,901 per ounce.

Gold has shown volatility within the country, influenced by ongoing political and economic uncertainties along with a surge in inflation. As a result, individuals are turning to gold as a secure investment option.