Pakistan’s gold market experienced a dramatic surge on Tuesday, aligning with bullish trends in the global economy.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola soared by an impressive Rs4,800, landing at Rs306,300.
This sharp climb reflects growing demand and economic shifts influencing precious metal values.
The increase wasn’t limited to tola measurements. The cost of 10 grams of 24-karat gold also jumped by Rs4,115, bringing it to Rs262,602.
Meanwhile, silver followed suit, with the price of 24-karat silver per tola rising by Rs45 to settle at Rs3,315 in the local market.
On the international stage, gold prices mirrored this upward trajectory, climbing $47 to hit $2,916 per ounce, with an additional $20 premium factored in.
Analysts attribute this global rally to fluctuating currencies, investor confidence, and geopolitical uncertainties driving safe-haven investments.
This surge in gold and silver rates underscores Pakistan’s connection to worldwide economic currents, impacting buyers, jewellers, and investors alike.