Gold and silver continued their impressive rally on Tuesday, marking the second straight day of strong gains in both global and local markets.
Globally, gold jumped by $32 per ounce, reaching an eye-catching $4,456 per ounce in the international bullion market.
Back home, this surge was mirrored as the price of 24-carat gold per tola climbed by Rs3,200 to settle at Rs467,962. The rate for 10 grams of gold also saw a significant increase, rising by Rs2,743 to Rs401,201.
Silver prices weren’t left behind either. The per tola rate for silver rose by Rs338 to Rs8,361, while the 10-gram price grew by Rs290 to Rs7,168.
Just a day earlier, gold prices had already jumped sharply. On Monday, the international bullion market saw gold shoot up by $92 per ounce, reaching $4,424 per ounce.
Local markets responded in kind, with the price of 24-carat gold soaring by Rs9,200 per tola to Rs464,762. Gold’s 10-gram rate increased by Rs7,888 to Rs398,458.
The silver market also enjoyed Monday’s momentum, with the price rising by Rs267 per tola to Rs8,023. The 10-gram rate for silver went up by Rs229 to Rs6,878.
With two straight days of surges, investors and buyers are keeping a close eye on where gold and silver prices will head next.
