Gold Prices Rise in Pakistan Amid Global Market Gains

Gold prices in Pakistan saw an increase on Tuesday, reflecting a rise in the international market, with the price per tola climbing by Rs 600 to reach Rs 339,400. This uptick followed a decline the previous day, indicating a recovery in market activity. Globally, gold gained due to safe-haven demand amidst concerns over U.S. tariff plans and a weaker dollar, with spot gold rising to $3,223.41 an ounce. Analysts suggest the bullish trend in gold is driven by ongoing political uncertainty and anticipated interest rate cuts by the U.S. Federal Reserve. As investors await further developments, including upcoming statements from the Fed, the market remains cautious but optimistic about gold's performance. Overall, the demand for gold continues to be bolstered by geopolitical tensions and economic instability.