Gold prices in Pakistan surged again on Tuesday. The yellow metal set a new all-time record in local markets. This marked the second consecutive session of sharp gains. Investors showed strong demand for precious metals. As a result, prices moved higher across the country.
According to the All Pakistan Sarafa Gems and Jewellers Association, prices jumped sharply. The rate of 24-karat gold rose by Rs8,500 per tola. It reached a historic level of Rs470,862. Traders linked the rise to strong global trends. Market activity remained very active.
Meanwhile, the price of 10 grams of 24-karat gold also increased. It climbed by Rs7,288 to Rs403,688. Similarly, 10 grams of 22-karat gold rose by Rs6,681. It reached Rs370,060 in local markets. Buyers continued showing interest despite high rates.
In the international market, gold prices also climbed strongly. Prices increased by $85 per ounce. Gold settled at $4,485 per ounce globally. Analysts cited economic uncertainty and currency changes. Therefore, investors preferred safe-haven assets like gold.
However, silver prices remained unchanged in Pakistan. The price of 24-karat silver stayed at Rs7,205 per tola. Likewise, 10 grams of silver remained at Rs6,177. Market experts said silver showed stability for now. Still, investors closely watched future price movements.
