Gold prices in Pakistan recorded a strong increase at the start of the week as rising international market rates pushed local bullion prices higher. The latest jump in Gold and silver prices has once again drawn attention from investors and traders monitoring the global commodities market.
According to market data, the price of Gold per tola increased by Rs4,600 during Monday’s trading session. After the latest rise, the new price of 24-karat Gold reached Rs477,762 per tola in the local market.
Similarly, the price of 10 grams of Gold climbed by Rs3,943 and settled at Rs409,603. Bullion dealers said the increase was mainly linked to gains in international Gold prices and strong investor demand globally.
In the international market, Gold prices rose by $46 per ounce and reached $4,554. Market analysts noted that the international rate also included a premium of $20 per ounce.
The rise in global bullion prices directly affected local trading in Pakistan, where Gold rates often move in line with international market trends and currency fluctuations.
Silver prices also moved upward alongside Gold during the trading session. The price of silver per tola increased by Rs236, pushing the new local market rate to Rs8,270.
Recent market trends show continued fluctuations in bullion prices over the past several days. Last week, Gold rates in Pakistan witnessed both sharp increases and temporary declines.
On May 24, the price of 24-karat Gold stood at Rs470,362 per tola. Earlier, on May 19 and May 18, rates were recorded at Rs477,162 per tola.
On May 16, Gold prices were recorded at Rs476,262 per tola, while the rate on May 15 stood at Rs476,862. The highest rate during the previous week was seen on May 14, when Gold reached Rs492,362 per tola.
Bullion market experts believe uncertainty in global financial markets, inflation concerns, and investor demand for safe-haven assets continue to support higher Gold prices internationally.
In Pakistan, rising Gold prices are closely followed by investors, jewelers, and consumers, especially during the wedding and festive seasons when demand for jewelry increases significantly.
Market analysts also noted that changes in the value of the Pakistani rupee against the US dollar can influence local bullion prices. A weaker rupee generally increases the cost of imported Gold in Pakistan.
In other news read more about: Gold Rates Cross Rs477,000 in Pakistan Amid Strong Global Market Rally
Despite the sharp rise, traders expect further fluctuations in the coming days depending on international market conditions and economic developments worldwide. Investors are continuing to monitor global economic signals that may impact future Gold and silver prices.
