Gold prices continue upward trend across Pakistan
Business
Market analysts say the sustained rise in gold prices is largely driven by global economic uncertainty and fluctuations in the international bullion market.
KARACHI (Dunya News) - Gold prices continued their upward trajectory across Pakistan on Tuesday, reflecting both domestic demand and rising rates in the international market.
According to the All Pakistan Gems and Jewellers Association, the price of gold per tola increased by Rs9000, taking it to Rs481,862. Similarly, the price of 10 grams of gold rose by Rs771 to reach Rs413,118.
Market analysts say the sustained rise in gold prices is largely driven by global economic uncertainty and fluctuations in the international bullion market. In the global market, gold prices climbed by $9, reaching $4,595 per ounce.
Traders noted that the local bullion market remains sensitive to changes in international prices, currency movements, and investor sentiment, with gold continuing to be viewed as a safe-haven asset.
