Gold prices in Pakistan remained stable on Monday, staying close to Rs. 494,000 per tola despite ongoing fluctuations in the global market. The precious metal continues to show resilience as investors closely monitor economic developments worldwide.
The rate for 24-karat gold was recorded at approximately Rs. 494,100 per tola, while 10 grams stood near Rs. 423,600 in local bullion markets. These figures reflect a steady trend after minor ups and downs observed in recent trading sessions.
Market analysts believe that international factors, including currency movements and geopolitical tensions, are playing a major role in keeping gold prices firm. Investors are still treating gold as a safe-haven asset during uncertain economic conditions.
In the global market, gold prices have faced slight pressure due to a stronger US dollar and expectations around interest rate adjustments. However, ongoing geopolitical concerns continue to support demand and prevent sharp declines.
Local demand in Pakistan also remains consistent, particularly with the wedding season approaching in major cities like Karachi, Lahore, and Islamabad. Jewelers report steady buying activity, which is helping stabilize prices further.
Experts suggest that while short-term fluctuations may continue, gold is expected to remain strong over time due to persistent global uncertainties. Investors are advised to stay cautious and keep an eye on international market trends.
Also read: Gold Prices in Pakistan See Major Swings
