Gold prices in Pakistan continued their upward trend on Monday, with a notable increase recorded in both local and international markets.
Read More: Gold prices remain steady in Pakistan
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola surged by Rs1,100, reaching Rs491,462 across the country. The rise reflects ongoing volatility in global commodity markets and heightened investor interest in safe-haven assets.
Similarly, the price of 10 grams of gold increased by Rs943, settling at Rs421,349. Market analysts attribute this upward movement to a combination of international price fluctuations and currency pressures, which continue to influence domestic bullion rates.
In the global market, gold prices also saw an increase, climbing by $11 per ounce to reach $4,687. The rise in international prices is being driven by persistent geopolitical tensions and economic uncertainty, prompting investors to shift toward gold as a reliable store of value.
Experts note that gold traditionally performs well during periods of instability, as it is considered a hedge against inflation and currency depreciation. The current global environment, marked by conflict-related disruptions and uncertain economic outlooks, has further strengthened demand for the precious metal.
Local traders expect gold prices to remain sensitive to developments in international markets, particularly movements in the US dollar and ongoing geopolitical events. Any further escalation in global tensions could push prices even higher in the coming days.
Read More: Gold prices drop sharply across Pakistan
For consumers, the rising cost of gold poses challenges, particularly for those planning weddings or investments, as higher prices reduce purchasing power. However, for investors, the trend continues to offer opportunities amid market uncertainty.