Second consecutive rise: Gold price jumps by Rs3,600 per tola in Pakistan

KARACHI: Following a rise on Monday, gold prices in Pakistan increased for the second consecutive session on Tuesday, as bullion rates followed a global upward trend.

In the local bullion market, the price of gold surged by Rs3,600, reaching Rs273,500 per tola.

Similarly, the price of 10-gram gold increased by Rs3,086, selling at Rs234,482, according to the rates provided by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Monday, the previous trading session, the gold price had risen by Rs2,500, settling at Rs269,900 per tola. It is worth noting that gold hit an all-time high in Pakistan last month after surging to a record of Rs287,900 per tola.

In the international market, gold prices also saw an increase on Tuesday. According to the APGJSA, the global rate stood at $2,623 per ounce (including a premium of $20), reflecting a $36 rise during the day.

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