The gold price in Pakistan saw a significant increase on Tuesday, with 24-karat gold reaching Rs304,200 per tola. This marks a rise of Rs1,000 compared to the previous day. Similarly, 24-karat gold per 10-gram was sold at Rs260,802, reflecting a gain of Rs857. These rates were shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
In contrast, silver prices remained stable in the domestic market. Both 24-karat silver per tola and 10-gram were unchanged at Rs3,350 and Rs2,872, respectively. Globally, spot gold traded near 2,911anounce,upby2,911anounce,upby11.5 or 0.40% from the previous session.
Key Points
- Gold price in Pakistan rose by Rs1,000 per tola on Tuesday.
- 24-karat gold per 10-gram increased by Rs857 to Rs260,802.
- Silver prices remained unchanged at Rs3,350 per tola.
- Global spot gold prices increased by 0.40% to $2,911 an ounce.
Market Context
The rise in gold prices in Pakistan aligns with global trends. Spot gold prices increased for the second consecutive session, driven by economic uncertainties. Concerns around U.S. trade policies and their impact on global growth have fueled demand for safe-haven assets like gold.
Technical Insights
Gold prices in Pakistan have shown consistent growth over the past month. The price of 24-karat gold increased by Rs21,800 per tola in the last 30 days. This upward trend reflects both local demand and global market dynamics.
Expert Opinions
Market analysts attribute the rise in gold prices to geopolitical tensions and economic uncertainties. According to experts, gold remains a preferred investment during times of market volatility. For more insights, visit Daily Gold Signal.
Conclusion
The gold price in Pakistan continues to rise, reflecting both local and global market trends. With economic uncertainties persisting, gold remains a reliable investment option. Stay updated with the latest market trends by visiting Daily Gold Update.
