Gold prices in Pakistan increased on Tuesday in line with their gain in the international market. In the local market, gold price per tola reached Rs539,562 after a jump of Rs6,200 during the day.
Similarly, 10-gram gold was sold at Rs462,587 after it increased by Rs5,316, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Monday, gold price per tola reached Rs533,362 after a loss of Rs6,500 during the day.
The international rate of gold jumped by $62 to reach $5,168 per ounce (with a premium of $20).
Meanwhile, the price of silver also increased by Rs460 to reach Rs9,354 per tola.
Furthermore, international gold rose on Tuesday, supported by a weaker US dollar and easing energy costs after US President Donald Trump suggested that the war in the Middle East could end soon.
Respite from a potential war-driven surge in inflation would likely reduce the chances of central banks raising interest rates, a positive for non-yielding gold.
Spot gold rose 0.5% to $5,161.54 per ounce, as of 0429 GMT. US gold futures for April delivery rose 1.3% to $5,171.10.
American Dollar Exchange Rate