Gold prices in Pakistan surged to a new record on Monday, mirroring international trends. The price per tola jumped by Rs5,400 to reach Rs415,278. Similarly, 10-gram gold rose by Rs4,629, closing at Rs356,033, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The rally continued after Saturday’s gain, when gold rose Rs2,100 per tola to reach Rs409,878. International gold prices also climbed, hitting $3,940 per ounce with a $20 premium—a $54 increase during the day. Silver prices followed the trend, increasing by Rs53 to Rs4,949 per tola.
Read more: Gold Prices Surge Again in Pakistan, One Tola Crosses Rs 409,000
Globally, gold surged past the $3,900-an-ounce mark for the first time on Monday. The rise was driven by safe-haven demand amid a weakening yen and a US government shutdown. Expectations of further Federal Reserve interest rate cuts also supported prices.
Spot gold gained 0.9%, reaching $3,922.28 per ounce, with a session high of $3,924.39. US December gold futures rose 1%, closing at $3,947.30 per ounce, reflecting strong investor interest in the precious metal.
The record climb highlights gold’s continued appeal as a safe investment amid global economic uncertainties. Pakistani buyers are feeling the impact as prices push local records, signaling a robust demand for gold amid market volatility.