Gold Prices Rise in Pakistan, Tracking International Market

Strategic Insights -

Gold prices in Pakistan increased on Tuesday, reflecting gains in the global market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs600 to reach Rs339,400 in the local market. The rate for 10 grams climbed by Rs514, settling at Rs290,980. This uptick follows a decline on Monday when the price of gold per tola fell by Rs1,800 to Rs338,800. Commenting on the market trend, Adnan Agar, Director at Interactive Commodities, noted that the market was relatively subdued on Tuesday following a period of heightened activity. Globally, gold prices gained on Tuesday, helped by safe-haven demand as US President Donald Trump's tariff plans kept investors wary of trade policy, while an overall weaker dollar also lent support.

Key Takeaways:

  • The price of gold per tola in Pakistan increased by Rs600 to reach Rs339,400 in the local market.
  • The rate for 10 grams of gold climbed by Rs514, settling at Rs290,980.
  • The price of gold in the international market rose by $6, with the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) quoting the international rate for Pakistan at $3,224 per ounce, including a $20 premium.
  • Adnan Agar, Director at Interactive Commodities, noted that the market was relatively subdued on Tuesday following a period of heightened activity.
  • Global gold prices gained on Tuesday, helped by safe-haven demand as US President Donald Trump's tariff plans kept investors wary of trade policy, while an overall weaker dollar also lent support.
  • Spot gold was up 0.4% at $3,223.41 an ounce.
  • Bullion hit a record high of $3,245.42 on Monday.
  • US gold futures rose 0.4% to $3,238.70.

Statistics:

  • The price of gold per tola in Pakistan rose by Rs600 to reach Rs339,400.
  • The rate for 10 grams of gold climbed by Rs514, settling at Rs290,980.
  • The price of gold in the international market rose by $6.
  • Gold prices gained 0.4% on Tuesday, with spot gold reaching $3,223.41 an ounce.
  • Bullion hit a record high of $3,245.42 on Monday.
  • US gold futures rose 0.4% to $3,238.70.

Sources:

  • The News International - "Gold prices in Pakistan rise on Tuesday"
  • Dawn - "Gold prices rise in Pakistan, international market"
  • APGJSA - "Gold prices in Pakistan"
  • Kitco Metals - "Gold Prices Rally as Trump Tariffs Loom"