Gold price in Pakistan recorded a huge jump on Tuesday, shocking buyers and investors nationwide. The sharp increase came just a day after the rates were stable in both local and global markets. This sudden rise has created strong concern among traders and the public.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold jumped by Rs7,700 per tola, reaching Rs436,562. The price of 10 grams also increased by Rs6,601, now standing at Rs374,281. This surge highlights strong investor demand, influenced by ongoing global economic uncertainty.
The 22-karat gold rate also climbed. The price jumped by Rs6,051, bringing the 10-gram rate to Rs343,103. These figures show how quickly the gold price in Pakistan is reacting to international market pressure.
In the global market, gold increased by $77 per ounce, settling at $4,142. Analysts say the rise is driven by fears of global currency instability, higher demand for safe-haven assets, and uncertain economic signals from major economies. Precious metals often gain value when investors look for safety.
Silver prices moved in the same direction. The per-tola price of 24-karat silver increased by Rs152, reaching Rs5,422. The 10-gram silver rate also rose by Rs130, now priced at Rs4,648.
Experts expect more fluctuations ahead. With rising inflation, global tensions, and shifting exchange rates, the gold price in Pakistan may continue to move upward. Investors and buyers are advised to track daily rates closely.
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