Gold prices in Pakistan saw an upward trend on Tuesday, reflecting gains in the international market. Over the past 21 hours of trading, the price per tola of gold in the local market increased to Rs. 444,900, marking a gain of Rs. 960, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 10 grams of gold also experienced a rise, aligning with the overall positive momentum in the market.
Internationally, gold prices continued to climb, with the latest figures showing an increase to $4,212.64 per ounce. This marks an $18.41 rise from the starting price of $4,194.23 earlier in the day. The global market’s performance has significantly influenced local prices, pushing them higher as investors capitalize on the prevailing positive sentiment.
Silver prices in Pakistan mirrored the trend in gold, with a notable increase. The price per tola of silver has risen to Rs. 60.78, up from Rs. 58.12 at the start of the day. This increase of Rs. 2.66 per tola highlights the broader uplift across the precious metals market.
Globally, the bullion market has been buoyed by various economic factors, including currency fluctuations and geopolitical tensions, which have driven investors towards safe-haven assets like gold and silver. The ongoing economic climate continues to play a crucial role in shaping the market dynamics, with precious metals maintaining their appeal as a hedge against volatility.
As the day progresses, market participants will closely monitor both local and international developments to assess the potential for further price movements. The APGJSA remains a key source of information for traders and investors, providing essential insights into market trends and price shifts. With the current bullish trend, investors are keenly watching for any signs of continued momentum or potential corrections in the near term.
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