Gold Prices in Pakistan Reach Record Highs Amid Global Market Rally
Gold prices in Pakistan surged to new record levels on Tuesday, tracking strong gains in the international market as expectations of a possible US interest rate cut boosted demand for the precious metal.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs. 4,700, reaching an all-time high of Rs. 391,000.
The price of 10 grams also hit a record Rs. 335,219 after increasing by Rs. 4,030 during the day. A day earlier, the per tola price had held steady at Rs. 386,300.
International Market Trends
APGJSA reported that the international gold price stood at $3,692 per ounce, including a $20 premium, marking a $49 daily increase. In global markets, spot gold touched $3,689.27 per ounce before easing slightly to $3,681.18. Meanwhile, US gold futures for December delivery remained steady at $3,718.50.
Silver Prices Also Rise
Alongside gold, silver prices moved upward as well, climbing Rs. 53 to settle at Rs. 4,496 per tola.
Analysts say the surge reflects both global safe-haven demand and local market adjustments, with prices likely to remain sensitive to upcoming economic and monetary policy developments.
