Gold prices in Pakistan continued their upward trend on Tuesday, following gains in the international bullion market. The latest increase pushed Gold to a new high in the local market, reflecting strong global demand.
In the domestic market, the price of Gold per tola rose by Rs2,300. It closed at Rs528,562. The rate for 10 grams of Gold also increased by Rs1,972. It settled at Rs453,156.
This rise comes a day after another sharp increase. On Monday, Gold had gained Rs1,500 per tola. It ended that session at Rs526,262. The recent back-to-back gains show steady momentum in the market.
According to market data, Gold has seen significant fluctuations this month. On February 9, the price stood at Rs524,762 per tola. It was Rs519,462 on February 7. Earlier, on February 4, the rate reached Rs529,162. Prices have moved both up and down in recent weeks.
At the start of the month, on February 2, Gold was priced at Rs490,362 per tola. In late January, the rate had climbed as high as Rs572,862 on January 29. These figures highlight the volatility in the bullion market.
The increase in local prices follows gains in the international market. Globally, Gold advanced by $23 per ounce. The international rate reached $5,058 per ounce, including a premium of $20. Analysts say global economic uncertainty and currency movements are influencing the trend.
Silver prices also recorded an increase in Pakistan. The per tola rate of silver rose by Rs120. It closed at Rs8,735. The upward movement in silver aligns with the broader trend in precious metals.
Traders believe that changes in the international market directly impact local rates. Exchange rate fluctuations also play a role in determining domestic prices.
Market experts are closely watching global developments. Any major economic news could affect the direction of Gold in the coming days. For now, the bullish trend continues in both local and international markets.
In other news read more about: Today Gold Rate in Pakistan – Full Price Guide
