The price of gold in Pakistan saw a rise on Tuesday, as 24-karat gold increased by Rs1,000 per tola. According to the latest updates from the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), the new price stands at Rs276,000 per tola.
Gold Prices for 10 Grams and Other Variants
The price of 10 grams of 24-karat gold rose by Rs857, reaching Rs236,625. Similarly, the price of 22-karat gold was quoted higher at Rs216,907 per 10 grams, reflecting the ongoing rise in the gold market.
Silver Prices Remain Stable
While gold prices increased, silver rates remained steady. The domestic market reported 24-karat silver priced at Rs3,350 per tola and Rs2,872 per 10 grams, showing no change from the previous day.
Gold and Silver Market Trends
Domestic Performance
Gold price in Pakistan the local market recorded a daily increase of Rs1,000 per tola. The overall month-to-date and fiscal year-to-date changes reflect significant growth, highlighting gold’s status as a reliable investment during uncertain times. On the other hand, silver experienced no variation in prices, holding steady in recent trading sessions.
Global Gold Trends
Globally, spot gold traded near $2,644 per ounce, marking an increase of $9.4 or 0.36% from the previous session. This rise was driven by a weakened U.S. dollar amidst uncertainties surrounding President-elect Donald Trump’s tariff policies. Furthermore, China’s central bank bolstered gold prices by increasing its gold reserves for the second month in a row. This development, coupled with a weakened U.S. dollar, provided additional support for the global gold market.
Why Gold Remains a Preferred Investment
Gold continues to attract investors due to its resilience and reliability as a safe-haven asset. Fluctuations in currency values and global economic uncertainties have bolstered its appeal. With central banks like China’s increasing their gold holdings, the precious metal’s demand and value remain strong worldwide.
For more updates on gold prices and investment insights, visit the Daily Gold Signal. Explore the daily gold updates to stay informed about global and domestic trends in the precious metals market.
