Gold prices in Pakistan saw a significant increase on Tuesday, mirroring a rise in the international market. The price of gold per tola soared by Rs3,600, reaching Rs273,500, as reported by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
In a similar trend, the price of 10-gram gold surged by Rs3,086, settling at Rs234,482. The increase in gold prices came a day after a rise of Rs2,500 on Monday, when the price per tola had reached Rs269,900.
The upward movement in local gold prices corresponds with a climb in international gold rates. On Tuesday, the global price of gold per ounce reached $2,623, an increase of $36 from the previous day. The APGJSA also noted a premium of $20 added to the international price.
Despite the surge in gold prices, silver prices remained unchanged at Rs3,250 per tola.
In recent months, gold prices in Pakistan have reached new heights, with the metal hitting an all-time high of Rs287,900 per tola in October. The international market also saw a boost on Tuesday, driven by a weakening US dollar and anticipation surrounding upcoming statements from Federal Reserve officials regarding future interest rate adjustments.
Spot gold climbed 0.4% to $2,623.54 per ounce by 0246 GMT, marking its highest level since November 12, after a 2% increase on Monday.
