Gold and silver prices rose on Tuesday in both global and local markets after a three-day pause. In the international bullion market, the price of gold per ounce increased by $28.29 to reach $4,326.27.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs2,830 to reach Rs455,063. The price of 10 grams of gold increased by Rs2,306 to Rs389,534.
The price of silver per tola increased by Rs141 to reach Rs7,314, while the price of 10 grams of silver rose by Rs129 to Rs6,245.
Spot silver rose 0.4% to $68.48 per ounce, platinum gained ​0.3% to $1,759.88, and palladium rose 1.7% to $1,225.74.
On Monday, gold prices in Pakistan declined in line with a subdued international market trend. In the local bullion market, the price of gold per tola fell to Rs452,233 after a decline of Rs3,094, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association.
Similarly, the 10-gram gold was sold for Rs386,987, down Rs2,785.
Read: Gold slides on ceasefire hopes, US jobs data
On Saturday, international gold prices dropped by $124 per ounce, while in the local market, the price of gold declined by Rs12,489 per tola and Rs11,240 per 10 grams.
On Friday, gold prices declined in local bullion markets after prices fell in the international bullion market. The price of gold in the international bullion market decreased by $14 per ounce to $4,453.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold fell by Rs1,469 per tola to Rs467,816, while the price of 10 grams of gold decreased by Rs1,323 to Rs401,012.
Similarly, the international price of silver fell by 66 cents per ounce to $72.52.
Following the decline in global prices, the price of silver in local markets also decreased. The price of silver fell by Rs67 per tola to Rs7,730, while the price of 10 grams of silver declined by Rs61 to Rs6,623.
Read more: Gold prices fall in local market as international rates decline
On Thursday, gold prices in Pakistan rose, tracking gains in the international bullion market, where prices advanced more than 1% amid weakening dollar sentiment and easing geopolitical tensions in the Middle East.
According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola increased by Rs1,523 to settle at Rs469,285. Similarly, the price of 10-gram gold rose by Rs1,305 to reach Rs402,335.Latest News, Breaking News & Top News Stories | The Express TribuneEhtesham MuftiRead More