Gold prices in Pakistan have been highly volatile, closely reflecting global market dynamics.
As investors keep a watchful eye on these fluctuations, recent trends have pushed prices to unprecedented levels. Here’s a summary of the latest surge and its impact on the local market.
Following a dip in the previous session, gold prices in Pakistan surged on Monday, reaching new record highs in response to rising international rates.
The price of gold per tola in the local market rose by Rs700, bringing it to Rs260,700.
On Tuesday, the international gold rate continued its upward trajectory. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price increased to $2,512 per ounce (including a $20 premium) after gaining $10 during the day.
Meanwhile, silver prices remained steady at Rs2,950 per tola. The price of 10-gram gold also climbed by Rs600, reaching Rs223,508, as per APGJSA reports.
On Monday, gold prices had settled at Rs260,000 following a previous decline of Rs200.