Gold prices rise by Rs900 per tola locally

Gold prices in Pakistan rose on Tuesday, following an upward trend in the international market.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold increased by Rs900 per tola, reaching Rs360,700 compared to Rs359,800 recorded a day earlier. Similarly, the price of 10 grams rose by Rs772, settling at Rs309,242.

In the international market, gold was quoted at $3,380 per ounce, including a $20 premium. This marked an increase of $9 from the previous day, APGJSA data showed.

Meanwhile, silver prices remained unchanged at Rs4,121 per tola.

Market analysts attribute the increase to global uncertainty and demand for safe-haven assets, which continues to influence local gold prices.