The price of per-tola 24-karat gold increased by Rs1,200 and was sold at Rs2,57,700 against its sale at Rs 256,500 on last trading day, reported 24NewsHD TV channel.

Similarly, 10 grams of gold witnessed a surge of Rs1029 to reach Rs220,936.

Internationally, the price of gold also saw an uptick, with the rate reaching $2,458 per ounce, including a $20 premium, after gaining $19 during the day, as reported by APGJSA.

On Monday, the price of 24-karat gold remained unchanged in the local market.

Similarly, the price of 10 grams of 24-karat gold stayed stable at Rs 219,907, and 10 grams of 22-karat gold held steady at Rs 201,582, as reported by the All Sindh Sarafa Jewellers Association.

The prices of silver also showed no change, with per tola and ten grams of silver remaining at Rs 2,850 and Rs 2,443.41, respectively.

According to the Pakistan Bureau of Statistics (PBS), 262 kg of gold worth around US$17 million was imported in the fiscal year 2023-24; while 566 kg of gold worth over US$30 million was imported in 2022-23.