Gold prices reached historic high in local market amid upward trend in international market on Tuesday.
The price of 24-karat gold per tola stood at 370,700 after an increase of Rs3,300 in previous session while the rate for 10 grams stood at Rs317,815, according to the Saraffa Association.
Gold is a valuable commodity widely traded in global markets. Known for its rarity and durability, gold has been used for centuries as a store of value and hedge against inflation. It is traded in various forms, including physical bullion, futures contracts, and exchange-traded funds (ETFs).
Investors often turn to gold during economic uncertainty, as it tends to retain value when other assets decline. Major trading centers include London, New York, and Shanghai. Gold prices are influenced by factors like interest rates, currency strength, and geopolitical events, making it a crucial component of diversified investment portfolios.
In international market, the gold price stood at $3,480 per ounce after gaining $33.
Today Gold Rate in Pakistan
| City | Gold Price | Silver Rate |
| Karachi | 370,700 | Rs4,303 |
| Lahore | 370,700 | Rs4,303 |
| Islamabad | 370,700 | Rs4,303 |
| Peshawar | 370,700 | Rs4,303 |
| Quetta | 370,700 | Rs4,303 |
| Sialkot | 370,700 | Rs4,303 |
| Hyderabad | 370,700 | Rs4,303 |
| Faisalabad | 370,700 | Rs4,303 |
