Gold rates are climbing in Pakistan, while global investors flow to the safe armed assets

Gold prices in Pakistan increased for the second day in a row on Tuesday, in line with investors who are pushing to safe assets in international markets, according to data from the Association of Pakistan Genes and Jewelery Sararava (APGJSA).

The PER Tola (11.7 Grammes) rate increased by 4,800 rupees to 306,300 rupees, while gold rose 10 grams to 4115 rupees for stability at 262602 rupees. Meanwhile, gold reached 22-balls of 240,727 rupees per 10 grams after obtaining 3,772 rupees.

Silver also joined the gathering, where Per Tola prices rose by 45 rupees to 315 rupees, while 10 grams increased by 39 rupees to 2,842 rupees, according to the association.

On the international front, gold prices extended on Tuesday, driven by safe demand. Commercial conflicts erupted after US President Donald Trump imposed a new tariff on the three largest commercial partners in the world.

The gold spot increased by 0.9 % to $ 2,919.44 an ounce by 1154 GMT, even for a second consecutive session. Bullion has gained 10 % so far this year and has a record increase of $ 2,956.15 on February 24. American gold futures increased by about 1 % to $ 2,930.

The new Trump tariff started 25 % on imports from Mexico and Canada at 0501 GMT. Dresses also doubled on Chinese goods to 20 %. China immediately returned with an additional tariff of 10 % -15 % on some American imports from March 10 and a series of new export restrictions for specific American entities.

With the increase in central banks to purchase the safe metal in the fourth quarter, the demand for gold increased, including a 1 % -to -the -counter trading (OTC) by 1 % to a record level of 4,974.5 metric tons in 2024 with an increase in investment.

According to the World Gold Council (WGC), Central Banks, a major source of golden demand, bought more than 1,000 tons of metal for the third year in a row in 2024.

In the last quarter of 2024, when Trump won the American elections, the purchase of central banks accelerated by 54 % on an annual basis to 333 tons, and the WGC account, based on the purchases reported and in appreciation of the unpaid purchase.

WGC said that the total demand for gold, with the exception of OTC trading, increased by 1 % to 4,553.7 tons last year, which is the highest since 2022. It is estimated that the demand for OTC decreased by 7 % due to the decline in the last quarter of the year with compensation for continuous profit from high -value investors.

Golden jewelry consumption, the largest category of material demand, decreased by 11 % in 2024, while mining production was fixed and recycling increased by 15 %.

WGC expects the application of jewelry to remain under pressure and recycling to the rise of this year due to the high prices.