KARACHI: Gold prices in Pakistan extended their rally on Tuesday, supported by strong local demand and a firm upward trend in international bullion markets amid ongoing global uncertainty.
According to data released by the All Pakistan Gems and Jewellers Association (APGJA), the price of gold surged by Rs9,000 per tola to Rs481,862, while the rate for 10 grams increased by Rs771 to Rs413,118.
Market experts attributed the continued rise to volatility in international markets and concerns over the global economic outlook, prompting investors to seek safe-haven assets. On the international front, gold prices edged up by $9, trading at $4,595 per ounce.
Traders said the local bullion market remains closely linked to international price movements, with domestic rates also influenced by currency fluctuations and investor sentiment, as gold continues to attract buyers amid heightened uncertainty.
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