Gold prices in Pakistan moved higher on Tuesday, March 31, with the per tola rate increasing by Rs2,800 to Rs478,762, in line with gains in the international bullion market where prices reached $4,560 per ounce.
The increase reflects continued strength in global bullion markets, with domestic rates closely tracking international benchmarks, affecting both investors and consumers.
Local market tracks global gains
In the domestic market, the price of 10 grams of gold rose by Rs2,401 to Rs410,461. The upward movement follows sustained gains in international markets, where gold has remained at elevated levels in recent sessions.
Silver prices also recorded an increase. Per tola silver rose by Rs260 to Rs7,784, while the price of 10 grams increased by Rs223 to Rs6,673. In the international market, silver reached $73 per ounce.
Consecutive session increase
Gold prices had stood at Rs475,962 per tola on March 30 before rising further in the latest session, indicating continued upward momentum in the market.
Gold hits fresh high in Pakistan as price jumps to Rs475,962 per tola on March 30
In the previous session, international gold prices had increased by $39 per ounce to $4,532, reinforcing the overall trend.
Market context
Gold prices in Pakistan are largely driven by international rates, with adjustments for exchange rate movements and local demand. The continuation of gains over consecutive sessions points to sustained strength in the global bullion market.
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