Domestic Bullion Market Records Sharp Daily Increase
KARACHI: Gold prices continued their upward trajectory in Pakistan on Monday, mirroring strong gains in international markets and pushing local bullion rates to fresh record levels.
According to rates issued by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola jumped by Rs10,800 during the day, reaching Rs455,136.
Likewise, the price of 10 grams of gold increased by Rs9,720, taking it to Rs389,600 in local markets. The sharp rise follows another significant increase recorded on Saturday, when gold gained Rs4,370 per tola and closed at Rs444,336.
Traders attributed the latest surge to strong international demand and renewed investor interest in safe-haven assets amid global economic uncertainties.
International Market Drives Upward Momentum
Meanwhile, gold prices in the international market also posted substantial gains. The global bullion rate climbed by $108 per ounce to reach $4,327, including a premium of $20 per ounce.
Market analysts noted that fluctuations in global financial markets, inflation concerns and investor demand for secure assets continued to support higher gold prices worldwide.
As international rates moved upward, local bullion markets responded accordingly, leading to significant increases across Pakistan.
Silver Also Registers Strong Gains
In addition to gold, silver prices also recorded a notable rise on Monday. The price of silver increased by Rs239 per tola, reaching Rs7,509 in the domestic market.
Jewellers and market observers said precious metals remained in focus as investors sought protection against economic volatility and currency fluctuations.
With both gold and silver maintaining strong momentum, market participants will closely monitor international developments in the coming days to assess future price trends in the bullion sector.
