Gold prices in Pakistan experienced a moderate increase on Tuesday, aligning with the global market trend. In the local market, the price per tola of gold climbed to Rs. 444,640, reflecting a rise of Rs. 700 from the day’s start, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price for 10 grams of gold showed an upward trajectory, although specific figures were not provided in the latest report.
In trading over the last 18 hours, the gold price per ounce internationally reached $4,202.29, marking an $8.06 increase from the beginning of the day. This movement corresponds with an improvement in the global market conditions, which have been influenced by various economic indicators and investor sentiment.
Silver prices also saw a positive shift in the local market. The price per tola of silver rose by Rs. 2.02 to reach Rs. 60.14. This gain reflects a steady demand for the metal, which often mirrors gold’s movements but at a different pace and magnitude.
The international market has shown resilience, with gold prices reaching a high of $4,221.40 per ounce during the day’s trading. This peak underscores the volatile yet buoyant nature of the market, driven by factors such as geopolitical tensions and currency fluctuations. Investors continue to monitor these dynamics closely, as they play a crucial role in shaping market trends.
Overall, the Pakistani gold market’s upward movement is consistent with global trends, as investors respond to international cues and local demand. The APGJSA remains a vital source for tracking these changes, providing daily updates that help consumers and traders make informed decisions. As global markets continue to evolve, the local market will likely adjust accordingly, reflecting broader economic conditions and investor behaviors.
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