Gold prices rose in Pakistan on Tuesday, tracking gains in the global market as investors reacted to geopolitical tensions and shifting expectations around US interest rates.
According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold increased by Rs4,600 per tola to Rs476,362. The rate for 10-gram gold also climbed by Rs3,944 to Rs408,403.
The price of 22-karat gold moved higher as well and was recorded at Rs374,383 per 10 grams.
Silver also followed the upward trend in the domestic market. The price of 24-karat silver rose to Rs8,153 per tola, gaining Rs94, while the 10-gram rate increased by Rs80 to Rs6,989.
Global pressure keeps gold supported
In international trade, spot gold hovered near $4,533 per ounce, rising about 1.11 percent from the previous session. US gold futures for August delivery also gained more than 1 percent.
Market sentiment remained driven by uncertainty in the Middle East and expectations of key US economic data due later in the week. A partial ceasefire between Hezbollah and Israel added some relief to tensions, but investors stayed cautious as developments in the wider region remained unclear.
At the same time, conflicting signals over US-Iran talks added to the uncertainty. Iranian state media suggested indirect negotiations had been paused, while US President Donald Trump said discussions were continuing at a fast pace.
Analysts said lower US Treasury yields also helped support gold prices. The benchmark 10-year yield eased slightly, reducing the opportunity cost of holding gold, which does not offer any return.
Attention now shifts to upcoming US employment data, including nonfarm payrolls, which investors will watch closely for clues about the strength of the labour market and the Federal Reserve’s next policy move.
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