Gold prices in Pakistan rose by Rs1,200 per tola on Tuesday, in line with a surge in international rates.
The latest increase brings the price of gold per tola to Rs257,700, according to data provided by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The 10-gram gold rate also witnessed a rise, with prices increasing by Rs1,029 to settle at Rs220,936. This follows a stable session on Monday, where gold prices remained unchanged at Rs256,500 per tola.
The upward trend in the domestic market mirrors global movements, as the international price of gold saw an increase of $19, pushing it to $2,458 per ounce, inclusive of a $20 premium.
While gold prices saw a notable increase, the price of silver remained steady at Rs2,850 per tola, with no change reported.
This recent surge in gold prices follows a significant rise last month, where gold per tola saw an increase of Rs2,400, reaching a record high of Rs257,300.
Gold prices in the local market are largely influenced by international market trends, currency fluctuations, and local demand. With the ongoing volatility in global markets, further changes in the prices of gold and other precious metals are expected.