Due to a bullish trend in the global gold market, a significant increase was seen in the price of gold in the local market on Tuesday, with the price of 24 karat per tola gold becoming Rs 539,562 after an increase of Rs 6,200.
Similarly, the price of 10 grams of 24 karat gold reached a new level of Rs 462,587 with an increase of Rs 5,316. An increase of Rs 4,873 was also recorded in the price of 10 grams of 22 karat gold, after which its price became Rs 424,053.
A similar bullish trend prevailed in the silver market. The price of 24 karat per tola silver became Rs 9,354 with an increase of Rs 460, while the price of 10 grams of 24 karat silver closed at Rs 8,019 after an increase of Rs 394.
This change in local prices is in line with the changes occurring in the global commodities market, where the global price of gold became $5,168 with an increase of $62. Along with this, a significant increase of $4.60 was recorded in the global price of silver, after which it settled at $88.70.