KARACHI – Gold prices in Pakistan saw a sharp increase on Tuesday, following a day of stability. According to the All Pakistan Gems and Jewellers Association, the price of per tola of 24-karat gold rose by Rs7,700, reaching Rs436,562 from the previous Rs428,862.
Similarly, the cost of 10 grams of gold jumped by Rs6,601, climbing to Rs374,281 from Rs367,680. The increase comes as global gold prices also experienced a rise, reaching $4,142 per ounce, up $77 from the previous rate of $4,065 per ounce.
Silver prices also recorded gains. The per tola silver rate increased by Rs152 to Rs5,422 from Rs5,270. Meanwhile, 10 grams of silver rose by Rs130, reaching Rs4,648 from Rs4,518.
Market analysts attribute the surge in gold prices to international economic trends and strategic investments in critical resources. The U.S. Export-Import Bank (EXIM) recently announced plans to invest $100 billion to strengthen supply chains for critical minerals, nuclear energy, and liquefied natural gas.
John Jovanovic, EXIM’s chair, said the move aims to reduce over-reliance on certain raw materials and secure essential resources for the U.S. and allied nations. Early investments will include $4 billion for natural gas shipments to Egypt and $1.25 billion for the Reko Diq mine in Pakistan, operated by Barrick Mining.
Experts say global initiatives like these influence commodity prices, including gold and silver, as investors anticipate market shifts. Local jewelers noted that buyers are now more active in the market, fearing further price increases in the coming days.
The recent spike in gold prices has affected both retail consumers and investors. Analysts advise monitoring international trends, as global strategies and geopolitical developments continue to impact the precious metals market.
In other news read more about Gold Prices Drop For Third Day Amid Strong Dollar
With global demand for gold remaining high and strategic resource projects underway, market watchers expect gold prices in Pakistan to remain volatile in the near future.
