Gold prices in Pakistan surged to a new all-time high on Tuesday, reaching Rs493,662 per tola. The increase of Rs4,300 follows gains in the international market. Analysts say rising global demand and currency fluctuations are driving prices higher.
Ten-gram gold also rose, selling at Rs423,235 after a daily gain of Rs3,686. The All-Pakistan Gems and Jewellers Sarafa Association reported the updated rates. Prices have been rising steadily, with Monday seeing an increase of Rs7,500 per tola.
Read more: Gold and silver hit record highs amid tariff fears
The international gold rate climbed by $43 to reach $4,713 per ounce, with a $20 premium. Experts note that international trends directly influence domestic rates. Investors and jewelers are closely monitoring market movements.
Silver prices also edged higher, rising Rs87 to reach Rs9,869 per tola. This increase reflects the general upward trend in precious metals. Traders say demand for safe-haven assets remains strong amid economic uncertainties.
Read more: Gold and silver reach record highs on tariff fears
Rising gold and silver prices highlight increased investment interest in Pakistan. Market watchers advise buyers to stay informed and follow trends carefully. The gains may continue if global rates remain high.