Gold prices recorded a notable increase in both local and global markets on Tuesday, creating activity among investors and consumers.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of gold in the local market increased by Rs2,401, while the price per tola rose by Rs2,800 to reach Rs478,762.

As a result, the price of 10 grams of gold climbed to Rs410,461.

In the global market, gold prices also moved upward, with the price per ounce rising by $28 to reach $4,560.

Experts say the increase in global prices is linked to fluctuations in the dollar and a rise in investment demand.

With gold prices increasing, investors may become more active, while ordinary consumers may find it more expensive to purchase gold.

Market analysts say further fluctuations in gold prices are expected in the near future and have advised investors to make cautious decisions.

It is worth noting that the price of gold per tola had increased by Rs3,900 a day earlier.