Gold prices across Pakistan witnessed another increase on Monday, continuing a trend of fluctuations in the local bullion market driven by changes in global rates and currency pressure.
Read More: Gold prices drop sharply in Pakistan
According to the All Pakistan Gems and Jewellers Association, the price of gold per tola increased by Rs800, taking the new rate to Rs493,962. The association confirmed that the domestic market responded directly to upward movement in international gold prices, which also saw a slight increase during the trading session.
Similarly, the price of 10 grams of gold rose by Rs686, reaching Rs423,492. Traders in the local market noted that demand remains relatively steady, but pricing continues to be heavily influenced by global economic conditions, including inflation trends, interest rate expectations, and geopolitical uncertainty.
On the international front, gold prices increased by $8 per ounce, reaching $4,716. Analysts say global bullion markets are reacting to ongoing economic instability and investor demand for safe-haven assets, which typically push gold prices higher during uncertain periods.
Market experts in Pakistan explained that fluctuations in the rupee against the US dollar also play a key role in determining local gold rates. Even minor changes in exchange rates can lead to noticeable differences in domestic pricing, affecting both investors and consumers.
Jewellers in major cities including Karachi, Lahore, and Islamabad reported moderate activity, though many buyers are adopting a wait-and-see approach due to frequent price changes. Wedding-related demand, however, continues to provide some support to the market.
Financial observers suggest that gold may continue to experience volatility in the coming weeks as global economic indicators shift and central banks adjust their monetary policies. They advise investors to closely monitor international trends before making large purchases.
Read More: Gold prices drop sharply in Pakistan
Overall, the latest increase reflects ongoing uncertainty in global markets, with Pakistan’s gold rates remaining closely tied to international movements and currency fluctuations.