Gold prices in Pakistan experienced a significant increase on Tuesday, continuing the upward momentum from the previous trading session. This rise was largely influenced by a surge in global gold prices, which has been driving local market rates higher. Dealers in the local bullion market reported that the price of gold per tola jumped by Rs2,800, reaching Rs478,762 compared to Rs475,962 recorded just a day earlier.
Similarly, the cost of 10 grams of gold rose by Rs2,401 to Rs410,461, up from Rs408,060 in the prior session. This sharp increase aligns with international trends, where gold prices climbed by $28 per ounce, pushing the global rate to $4,560. The global rally in precious metals has been attributed to various factors, including economic uncertainties and investor demand for safe-haven assets.
Alongside gold, silver prices also saw notable gains both internationally and domestically. On the global stage, silver prices increased to $73 per ounce. Reflecting this trend, silver in Pakistan rose by Rs260 per tola to Rs7,784 from Rs7,524 the previous day. The price for 10 grams of silver also went up by Rs223, reaching Rs6,673 compared to Rs6,450 earlier.
Market analysts and dealers pointed out that the ongoing volatility in global financial markets is a key driver behind these price movements. Local bullion rates continue to closely track international bullion trends, indicating strong interdependence between Pakistan’s precious metals market and global economic conditions. This development underscores the sensitivity of local commodity prices to shifts in the global marketplace.
