After a series of consecutive declines, gold prices in Pakistan experienced a sharp jump on Tuesday, driven by an increase in international rates.
The price of gold per tola surged by Rs1,300, reaching Rs261,700 in the local market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold also registered a notable rise, climbing by Rs1,114 to settle at Rs224,365. The increase follows Monday’s drop in gold prices when the per-tola rate decreased by Rs1,100, closing at Rs260,400.
The surge in local prices mirrors global trends. On the international market, the price of gold rose to $2,500 per ounce, with an additional premium of $20, marking a $10 increase during the trading day, as per the APGJSA.
Meanwhile, silver prices also followed the upward trend, increasing by Rs50 per tola to settle at Rs2,900.
Last month, gold prices in Pakistan hit an all-time high of Rs263,700 per tola. Industry experts attribute the fluctuations in gold prices to global economic uncertainty and shifts in international demand.
