Gold prices in Pakistan jump by Rs2,700 per tola

WEB DESK: In tandem with the rise in the global market, gold prices in Pakistan experienced a notable upswing on Tuesday.

The precious metal soared to Rs223,900 per tola, marking a substantial gain of Rs2,700 over the course of the day.

According to data released by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the 10-gramme gold bar was traded at Rs191,958, reflecting an uptick of Rs2,315 from the previous rates.

This follows a noteworthy increase of Rs3,500 per tola observed on Saturday.

The international gold rate, accompanied by a $20 premium, reached $2,135 per ounce on Tuesday, signaling a $29 surge in the global market, as reported by APGJSA.

This surge in prices indicates the dynamic nature of the precious metal market, influenced by various economic factors.

On a different note, silver rates remained steady at Rs2,600 per tola, showing resilience in the face of fluctuations observed in the gold market.

The consistent silver prices hint at a contrasting trend compared to the volatility witnessed in the gold sector.

Investors and stakeholders in the precious metals market are closely monitoring these developments as they navigate the evolving landscape of commodity prices in both domestic and international markets.