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 Rs416,778 after a gain of Rs1,500 during the day.
Similarly, 10-gram gold was sold at Rs357,319 after it registered an increase of Rs1,286, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Monday, gold price per tola reached Rs415,278 after a single-day rise of Rs5,400.
The international rate of gold also increased today. As per APGJSA, the rate was at $3,955 per ounce (with a premium of $20), an increase of $15 during the day.
Moreover, silver price decreased by Rs20 per tola to reach Rs4,929.
Meanwhile, spot gold was trading around $3,960 per ounce, as of 0130 GMT on Tuesday, after hitting a fresh high of $3,977.19 earlier in the day.
Gold has climbed 51% so far this year on strong central bank buying, increased demand for gold-backed ETFs, a weaker dollar and growing interest from retail investors seeking a hedge against rising trade and geopolitical tensions.
American Dollar Exchange Rate