Gold price in Pakistan goes up by Rs1,600 per tola

On Tuesday, gold prices in Pakistan experienced a notable surge, aligning with the upward trend in the global market.

The precious metal reached a valuation of Rs221,300 per tola in the domestic market, marking a substantial gain of Rs1,600 throughout the day.

As reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the 10-gramme gold was traded at Rs189,729 after witnessing an increase of Rs1,372. This movement follows a Rs300 decrease per tola in gold prices on the preceding Monday.

In the international arena, gold exhibited a rise of $12 on Tuesday, reaching $2,094 per ounce with an additional premium of $20, as communicated by APGJSA.

Conversely, silver maintained stability at Rs2,680 per tola in the local market amidst these fluctuations in gold prices.