Bullion gains Rs4,600 per tola in Pakistan while the rupee posts a slight recovery against the dollar.
Image: Finance Magnates
Gold prices extended their rally on Tuesday, driven by strong international demand amid geopolitical uncertainty and investor caution ahead of key US economic data. In Pakistan, the price of gold rose by Rs4,600 per tola to reach Rs476,362, while 10-gram gold increased by Rs3,944 to Rs408,403.
In the global market, gold advanced as investors sought safe-haven assets, supported by ongoing Middle East tensions and expectations surrounding US interest rate decisions. Silver also moved higher, reflecting broader strength across precious metals.
Meanwhile, the Pakistani rupee recorded a marginal gain against the US dollar, closing at 278.46 in the interbank market. Analysts believe future movements in gold prices will depend on geopolitical developments, oil prices, US bond yields, and upcoming economic indicators.
