Gold prices in Pakistan surged to an all-time high on Monday. The sharp rise stunned investors and buyers across the local market.
The price of gold per tola climbed to Rs480,962. It recorded a massive single-day increase of Rs7,700.
This sudden jump reflects strong momentum in both domestic and international bullion markets.
Tola and 10-Gram Gold Prices Surge
Alongside per tola rates, 10-gram gold also posted a steep increase. The price rose by Rs6,602 during the day.
As a result, 10-gram gold was sold at Rs412,347. The jump confirms sustained buying pressure in the local market.
Gold prices had already shown upward movement over recent sessions. On Saturday, per tola gold reached Rs473,262 after a Rs3,700 increase.
Therefore, Monday’s surge extended the rally and pushed prices into record territory.
International Gold Market Drives Momentum
The local price hike followed a strong rally in global gold markets. International gold prices rose sharply during the session.
Gold climbed by $77 per ounce to reach $4,586. This rate includes a premium of $20.
Global uncertainty and strong investor demand continue to support gold prices. Consequently, local markets reflect these international movements almost instantly.
Pakistan’s gold market remains closely tied to global trends. Exchange rate dynamics also play a role in shaping domestic prices.
Silver Prices Also Hit New Peak
Silver prices followed the same upward trend. The metal reached a new all-time high in the local market.
Silver per tola increased by Rs430 during the day. It settled at Rs8,895 per tola.
This rise signals broader strength across precious metals. Investors appear to be shifting towards safe-haven assets.
Market Impact and Buyer Sentiment
The rapid price increase has created mixed reactions among buyers. Investors see strong value momentum, while retail buyers face higher costs.
Jewellery purchases may slow due to elevated prices. However, long-term investors continue to view gold as a hedge.
Market participants expect continued volatility. Much depends on international price movements and currency trends.
Despite short-term fluctuations, gold remains a preferred store of value in Pakistan.
Outlook for Precious Metals
The record-breaking surge highlights strong market sentiment. Precious metals continue to benefit from global economic uncertainty.
If international prices remain elevated, local rates may stay under upward pressure. Buyers are advised to monitor market movements closely.
Gold’s latest rally reinforces its position as a key asset in Pakistan’s financial landscape.
