Gold prices recorded another major increase in both local and international markets on Tuesday, extending the ongoing rally and adding fresh pressure on buyers.
According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola surged by Rs. 7,700, pushing the new rate to Rs. 480,962 per tola in the local market.
Similarly, the price of 10 grams of gold rose by Rs. 6,602, taking it to Rs. 412,347.
The surge follows strong momentum seen at the end of the previous business week, when international gold prices climbed by $37 per ounce, reaching $4,509 per ounce. At that time, local gold prices had already moved up to Rs. 473,262 per tola, signaling a sustained upward trend.
Silver prices also showed strength earlier, with per-tola rates increasing alongside gold due to strong demand and global market movements.
Market analysts say continued economic uncertainty, currency pressure, and volatile global conditions are key factors driving gold prices higher. Investors are increasingly shifting towards gold as a safe-haven asset, keeping demand elevated both globally and within Pakistan.
With prices climbing for consecutive sessions, buyers and traders are closely watching global cues to assess whether the rally will continue or see a temporary correction.
