Gold Prices Surge Near Rs500,000 per Tola in Pakistan’s Local Market

Gold prices in Pakistan surged on Tuesday, reflecting gains in the international market. In the local market, gold per tola rose by Rs4,600 to reach Rs499,962, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The rate for 10 grams increased by Rs3,943 to Rs428,636.

This increase follows a decline in gold prices by Rs1,600 per tola on Monday, settling at Rs495,362. Globally, gold prices climbed by $46 to $4,776 per ounce, including a $20 premium, supporting the upward trend in domestic rates. Silver prices also recorded a notable increase, rising by Rs326 to Rs8,260 per tola.