Similarly, the price of 10-gram gold rose by Rs600, reaching Rs206,619, according to the rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

In contrast, gold prices had remained unchanged in the previous session on Monday.

The international gold rate increased on Tuesday, with the rate set at $2,336 per ounce (including a premium of $20), marking a surge of $10 during the day.

Meanwhile, silver rates remained unchanged at Rs2,820 per tola.

It is worth noting that back in April, gold prices in the local market had reached an all-time high of Rs252,200 per tola.

The fluctuations in gold prices are largely driven by changes in the international market, reflecting the global demand and supply dynamics for the precious metal.