In the international bullion market, gold rose by $32 per ounce to reach $4,456 per ounce.
The increase was reflected in local markets, where the price of 24-carat gold per tola jumped by Rs3,200 to Rs467,962. The rate for 10 grams of gold increased by Rs2,743 to Rs401,201.
Silver prices also rose, with the per tola rate increasing by Rs338 to Rs8,361, while 10 grams rose by Rs290 to Rs7,168.
Read: Gold prices jump sharply in local, global markets
The surge followed Monday’s sharp increase. In the international bullion market, the price of gold rose by $92 per ounce, reaching $4,424 per ounce.
The increase was reflected in local bullion markets, where the price of 24-carat gold rose by Rs9,200 per tola to Rs464,762. The rate for 10 grams of gold increased by Rs7,888 to Rs398,458.
Silver prices also moved higher in the domestic market. The price of silver rose by Rs267 per tola to Rs8,023, while the rate for 10 grams increased by Rs229 to Rs6,878.