Gold prices in Pakistan continued their upward trend on Monday, following a strong rally in the international market. The increase comes amid global economic uncertainty and currency fluctuations, driving investors toward safe-haven assets.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola surged by Rs5,500, reaching Rs428,200 in the local bullion market. Similarly, the price of 10 grams of 24-karat gold climbed to Rs367,112, reflecting an increase of Rs4,715. The 22-karat gold rate rose to Rs336,531 per 10 grams, gaining Rs4,322.
Global Gold Prices Hit Record Levels
In the international market, gold prices jumped by $55, reaching $4,071 per ounce. Analysts attribute the surge to rising investor demand as economic challenges and interest rate uncertainties push global markets toward safer investments.
Experts said that the strengthening US dollar and shifting expectations around central bank policies have led investors to diversify into gold. The demand for the precious metal has remained strong across both local and international markets, keeping prices on an upward trajectory.
Silver Prices Also Increase
Following gold’s rise, silver also gained value in domestic and international markets. The price of 24-karat silver per tola increased by Rs147, reaching Rs5,247, while 10 grams of silver were sold at Rs4,498, up by Rs126. In the global market, silver prices advanced by $1.47 to reach $51.60 per ounce.
The APSGJA clarified that gold prices in Pakistan are determined based on the interbank exchange rate and the purity standard of 999 per 24K.
In other news read more about Gold Prices Shine — But What’s Really Driving the Record Surge?
With both gold and silver maintaining their upward momentum, traders expect continued volatility in the coming days as global economic conditions evolve.
