Gold prices in Pakistan remained unchanged on Monday despite an upward trend in global markets. According to the All Pakistan Gems and Jewellers Association, the price of gold per tola was steady at Rs256,500, and the 10-gram gold price was also stable at Rs219,907.
In contrast, the international market saw a $9 decrease in gold prices, bringing it to $2,439 per ounce. Silver prices in Pakistan remained unchanged as well, with the per tola price at Rs2,950 and the 10-gram price at Rs2,443.41.
Read more: Gold Prices in Pakistan are Expected to Rise Due to Ban on Imports
Gold prices in Pakistan might rise in the near future due to a five-month suspension of gold imports. Prior to this suspension, Pakistan imported an average of 40 to 50 kilograms of gold per month. In fiscal year 2023-24, the country imported 262 kilograms of gold valued at $20 million, down from 567 kilograms worth $30.6 million in the previous fiscal year. The suspension of imports could potentially increase domestic gold prices.
