Gold prices reached fresh record highs in global and domestic markets on Tuesday, tracking strong gains in the international bullion trade.


After international gold rose by $49 per ounce to a new peak of $3,692, the price of gold in Pakistan increased by Rs4,700 per tola to a record Rs391,000. The rate for 10 grams also jumped by Rs4,030 to reach Rs335,219.

Meanwhile, spot gold rose 0.2 percent to $3,685.02 per ounce, after hitting a record high of $3,689.27 earlier in the session. US gold futures for December delivery rose 0.1 per cent to $3,722.70.

Spot silver held steady at $42.73 per ounce, while platinum slipped 0.2 percent to $1,398.84 and palladium declined 0.2 percent to $1,182.25.

Gold prices were steady near record levels on Monday as global investors awaited the US Federal Reserve’s policy decision later this week.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold per tola stood firm at Rs386,300, while 10 grams held steady at Rs331,189.

In the international market, gold was quoted at $3,643 per ounce (including a $20 premium). Silver also traded flat, with the per tola rate remaining unchanged at Rs 4,443.