Gold prices in Pakistan moved higher on Tuesday, tracking gains in the international market. The rise adds to a strong run seen throughout February, with prices swinging sharply from day to day.
According to rates shared by the All Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola climbed by Rs3,400 to reach Rs539,962. The rate for 10 grams also went up by Rs2,915, closing at Rs462,930.
A day earlier, on February 23, gold had already risen by Rs3,000 per tola to settle at Rs536,562. The fresh increase shows that the upward trend is still in place.
Global market supports rally
Internationally, gold prices gained $34 per ounce, reaching $5,172, including a premium of $20. Local traders often link movements in Pakistan to changes in global rates and shifts in the dollar.
Silver also followed the same path. Its price jumped by Rs192 per tola, taking it to Rs9,286.
A volatile month for buyers
February has been marked by sharp rises and falls. At the start of the month, on February 2, gold stood at Rs490,362 per tola after a steep daily fall. Just a day later, on February 3, it surged by Rs24,000 to Rs514,362.
The market saw more big moves in the following days. On February 4, gold jumped by Rs14,800. On February 6, it dropped by Rs21,400. By February 7, it had rebounded with a gain of Rs11,700.
Mid-month trading remained uneven. Prices crossed Rs528,000 on February 11, stayed unchanged on February 12, then fell sharply on February 13. Gains soon returned, with strong increases recorded on February 14 and February 19.
Despite two notable declines on February 16 and February 17, the overall direction during most of the month has been upward.
Jewellers say such rapid changes make it difficult for buyers to decide when to step in. Many customers prefer to wait during uncertain periods, especially with wedding season demand still in play.
With global prices holding firm, traders expect the local market to remain sensitive to international trends in the coming days.
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