Precious metal prices in Pakistan continued their sharp upward climb on Tuesday, driven by a persistent rally in both domestic and international markets.
The All Pakistan Sarafa Gems and Jewellers Association reported significant gains across all major categories, marking another record-breaking session for bullion.
The cost of gold surged by thousands of rupees per tola, making jewelry increasingly expensive for local buyers.
- 24Kt Gold (Per Tola): Increased by Rs 3,400, reaching a new high of Rs 539,962.
- 24Kt Gold (10 Grams): Rose by Rs 2,915 to settle at Rs 462,930.
- 22Kt Gold (10 Grams): Gained Rs 2,672, bringing the price to Rs 424,367.
Silver prices also experienced a substantial jump, reflecting the broader bullish sentiment in the metals market:
- 24Kt Silver (Per Tola): Increased by Rs 192, now priced at Rs 9,286.
- 24Kt Silver (10 Grams): Rose by Rs 165 to reach Rs 7,961.
The domestic surge is largely attributed to international market fluctuations and exchange rate adjustments.
- International Gold: Advanced by $34 per ounce, closing at $5,172.
- International Silver: Increased by $1.92, settling at $88.02 per ounce.
Analysts point toward geopolitical uncertainties and global trade tensions as primary factors pushing investors toward “safe-haven” assets like gold and silver.
