Gold prices in Pakistan reached a record high on Tuesday, continuing the upward momentum seen in the local market over the past few days.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs. 900 to reach Rs. 481,862, while 10-gram gold was sold at Rs. 413,118 after an increase of Rs. 771. The market had already witnessed a sharp surge on Monday, when gold per tola jumped by Rs. 7,700 to Rs. 480,962, signaling strong demand and price momentum.

Internationally, gold prices also saw an upward trend, increasing by $9 to $4,595 per ounce, with an additional premium of $20, reflecting global market dynamics. Analysts attribute the rise to a combination of international demand, currency fluctuations, and ongoing investor interest in precious metals as a safe-haven asset.

Silver prices in Pakistan also climbed, rising by Rs. 180 to Rs. 9,075 per tola, marking continued gains in the precious metals sector. Dealers report that both gold and silver are seeing higher trading activity as investors and households stock up in anticipation of further price increases.

Also Read: Big relief announced for Ramadan in Punjab

Experts advise buyers to remain cautious amid record highs but note that precious metals continue to be a preferred investment option in times of economic uncertainty.

The trend is expected to continue in the short term, with local and international factors influencing rates, keeping both traders and investors closely monitoring the market.