Gold prices in Pakistan recorded a significant increase on Monday, following gains in international markets. The rise reflected stronger global demand and higher international bullion prices. Consequently, local gold rates reached fresh record levels.
According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola increased by Rs 4,643. As a result, the new rate settled at Rs 442,636 in the local market.
Domestic and Global Gold Rates Rise
The price of 10 grams of gold also registered a notable increase. It climbed by Rs 4,179 to reach Rs 378,345 across Pakistan. The latest surge reversed Saturday’s slight decline in domestic gold prices.
Previously, gold per tola had fallen by Rs 43 to close at Rs 437,993. However, renewed strength in global markets quickly lifted local prices. Traders linked the increase to rising international bullion values.
Silver Also Records Strong Gains
Internationally, gold prices rose by $46 per ounce during trading. Consequently, the global rate reached $4,202 per ounce, including a premium of $20. The higher international prices directly influenced Pakistan’s domestic bullion market.
Meanwhile, silver prices also posted substantial gains on Monday. The price of silver per tola increased by Rs 189, reaching Rs 7,151. Precious metals continued attracting investor interest amid ongoing global market uncertainty.
