Gold prices increased sharply in both international and domestic markets on Tuesday, pushing bullion rates higher in Pakistan’s local market.
In the global bullion market, the price of gold rose by $62 per ounce, reaching around $5,168, reflecting strong demand for the precious metal.
Following the global trend, gold prices in Pakistan also recorded a notable increase. The price of 24-karat gold per tola climbed by Rs6,200, taking the rate to Rs539,562 in the local bullion market.
Similarly, the price of 10 grams of gold increased by Rs5,316, reaching Rs462,587, according to market rates issued by the bullion market.
Silver prices also moved upward alongside gold. The price of silver per tola rose by Rs460, bringing it to Rs9,354, while the rate for 10 grams of silver increased by Rs394 to Rs8,019.
In international trading, spot gold gained around 0.7%, while US gold futures for April delivery also showed an increase, indicating strong investor demand in global markets. Other precious metals also experienced movement, with silver and platinum rising, while palladium showed a slight decline.
Analysts say the rise in precious metal prices reflects ongoing global economic uncertainty and geopolitical tensions, which typically drive investors toward safe-haven assets such as gold.