Gold prices in Pakistan surge again following global trend
Business
On the international front, gold also witnessed gains, rising by $27 per ounce to reach $4,245.
KARACHI (Dunya News) – Gold prices in Pakistan surged on Monday, continuing the upward momentum seen in international markets.
According to the latest data released by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), the price of gold in the local market increased by Rs2,700 per tola, bringing the rate to Rs446,862. Similarly, the cost of 10 grams of gold rose by Rs2,315, reaching Rs383,112.
The recent increase follows a notable jump over the weekend. On Saturday, gold prices had climbed by Rs5,300 per tola, settling at Rs444,162, highlighting a strong demand in the domestic market.
On the international front, gold also witnessed gains, rising by $27 per ounce to reach $4,245, including a premium of $20. Analysts attribute the global increase to continued market volatility and rising investor interest in safe-haven assets amid economic uncertainties.
Silver prices mirrored this upward trend, rising by Rs54 to Rs5,963 per tola, further reflecting growing demand for precious metals in the country.
Market experts suggest that local buyers and investors should monitor international trends closely, as global fluctuations are expected to continue influencing domestic gold and silver prices in the coming weeks.
