Gold prices in Pakistan hit a record high on Monday, with per tola rates reaching Rs532,062. This marks a daily increase of Rs10,900 in the local market. The surge follows gains over the weekend, reflecting growing investor demand amid global uncertainty.
Ten-gram gold also rose, selling at Rs456,157 after gaining Rs9,345. The All-Pakistan Gems and Jewellers Sarafa Association shared these updated rates with the public. Analysts said the trend shows strong domestic interest in gold as a safe investment.
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International gold prices surged past $5,000 per ounce, up $109 from previous levels. Experts attribute the rise to dollar weakness and global tensions, including issues in Greenland and Iran. The markets remain cautious after recent yen volatility, adding to safe-haven flows toward gold.
Silver prices also increased in Pakistan, rising Rs627 to reach Rs11,428 per tola. Traders said both gold and silver gains reflect investor appetite for precious metals during uncertain times. The domestic market closely follows global trends in determining local rates.
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Analysts expect gold prices to remain elevated in the near term. They advise investors to monitor both international trends and local market conditions. The sustained rise underscores gold’s continued role as a preferred hedge against economic instability.