Gold prices climbed sharply in Pakistan on Tuesday, with the per tola rate reaching Rs. 436,562 after a rise of Rs. 7,700 during the day.
The price for 10 grams stood at Rs. 374,281, up by Rs. 6,601, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Monday, gold prices had remained stable at Rs. 428,862 per tola in the local market.
Internationally, gold prices surged by $77 to $4,142 per ounce, including a $20 premium. Silver prices in Pakistan also saw a notable increase, rising by Rs. 152 to Rs. 5,422 per tola.
Global gold markets continued their upward momentum on Tuesday, reaching the highest level in over a week. The rally came as dovish remarks from US Federal Reserve policymakers renewed hopes for a rate cut in December, helping gold advance despite a strong dollar.
Spot gold was up 0.1% at $4,140.85 per ounce by 0457 GMT, following a 1.8% jump on Monday.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
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