Gold prices in Pakistan experienced a modest increase on Tuesday, reflecting movements in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market rose to Rs. 444,670, marking an increase of Rs. 730 over the last 15 hours. The price for 10 grams of gold also saw a rise, reaching Rs. 381,240, up by Rs. 627 from the day’s start.
In trading over the last 15 hours, gold opened at $4,194.23 per ounce and climbed to $4,203.53, registering a gain of $9.30. The international market has shown slight fluctuations throughout the day, impacting the local rates.
Silver prices also recorded an upward movement in the local market. The price per tola increased by Rs. 95 to reach Rs. 5,304, aligning with the global trend where silver saw a minor uptick. This rise reflects the ongoing adjustments in precious metal markets worldwide.
Globally, the gold market has been influenced by various economic indicators and investor sentiment. As the dollar’s value fluctuates and geopolitical tensions persist, gold remains a viable hedge for investors looking to protect their assets.
The APGJSA’s data highlights the dynamic nature of the gold market, with prices responding to both domestic demand and international cues. As the day progresses, market participants will be closely monitoring any further developments that could impact pricing.
In summary, the gold market in Pakistan has witnessed a slight upward trajectory today, supported by international price movements and local buying trends. Investors and consumers alike will keep an eye on further fluctuations as global economic conditions continue to evolve.
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