KARACHI: Gold experienced a notable price surge on Tuesday, aligning with an upward trend observed in the global market.
The price for one tola of gold rose by Rs7,700, reaching Rs436,562, while the rate for 10 grams increased by Rs6,601, pushing the new price to Rs374,281.
In contrast, gold prices in Pakistan remained steady the day before.
On the international front, gold extended its gains to hit its highest level in over a week, shrugging off the impact of a strong dollar. This rise followed dovish statements from Federal Reserve policymakers, which reignited expectations of a potential U.S. interest rate cut in December.
Spot gold edged up by 0.1% to $4,141.49 per ounce as of 0631 GMT, marking its highest point since November 14 and building on Monday’s 1.8% gain.
Similarly, U.S. gold futures for December delivery rose by 1.1% to $4,139.10 per ounce.
