Gold Price Rises to Rs523,762 per tola
Gold and silver prices in Pakistan increased on Tuesday, with 24-karat gold reaching Rs523,762 per tola and international gold touching $5,010, according to rates released by the All-Pakistan Sarafa Gems and Jewellers Association.
Gold prices in Pakistan increased on Tuesday as bullion markets recorded fresh gains.
The All-Pakistan Sarafa Gems and Jewellers Association released updated nationwide bullion rates. The association said prices were calculated using prevailing interbank exchange rates.Pakistan gold falls Rs10,000 per tola
According to the association’s figures, 24-karat gold reached Rs523,762 per tola.
The price showed an increase of Rs1,000 compared with the previous trading level.
Bullion dealers reported steady demand in the domestic gold market during trading hours.
The rate for 10 grams of 24-karat gold climbed to Rs449,041.
This price reflected a rise of Rs857 from the earlier session.
Market participants tracked the increase alongside movements in international bullion prices.
Meanwhile, 10 grams of 22-karat gold was quoted at Rs411,635.
The price increased by Rs785 compared with the last recorded trading level.
Traders said the 22-karat rate generally moves in line with 24-karat benchmarks.
International gold prices were reported at $5,010 per ounce.
The global rate showed a daily increase of $10, according to the association.
Local gold prices usually mirror movements in international bullion markets.
Silver prices also moved higher in the domestic market on Tuesday.
The rate for silver reached Rs8,569 per tola in Pakistan.
This represented a rise of Rs128 compared with the previous level.
The price of 10 grams of silver was recorded at Rs7,346.
The 10-gram silver rate increased by Rs110 during the trading session.
Silver typically follows broader precious metal market trends in local trading.
International silver prices were reported at $80.85 per ounce.
The global silver rate increased by $1.28 during the latest trading update.
Local dealers monitor global silver movements when adjusting domestic bullion prices.
The association said domestic bullion prices were based on interbank exchange rates.
Currency movements can influence the rupee value of internationally traded metals.
Dealers said exchange rate shifts often translate into local gold price adjustments.
Muhammad Qasim Shikarpuri serves as president of the association issuing these rates.
The organization publishes daily bullion prices used by traders across Pakistan.
Jewellers, investors, and bullion dealers rely on these benchmark figures.
Gold Rate in Pakistan Today
