Gold prices in Pakistan rose on Monday, tracking gains in the international market. The price of gold per tola increased by Rs800, reaching Rs493,962 in the local market. The upward movement reflects continued volatility in global bullion rates.
According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of 10-gram gold also rose by Rs686 to Rs423,492. Market data showed that prices had already increased sharply in the previous session. This indicates sustained bullish momentum in the domestic market.
Read more: Gold prices rise again across Pakistan
International gold prices also recorded an increase, rising by $8 to reach $4,716 per ounce. Analysts link the local price movement to fluctuations in global demand and currency trends. Premium adjustments further influenced domestic pricing.
Meanwhile, silver prices remained unchanged in the local market at Rs8,049 per tola. The stability in silver contrasts with the ongoing movement in gold rates. Traders are closely monitoring global indicators for future direction.
Read more: Gold loses over Rs40,000 per tola in Pakistan
Market experts suggest that gold prices may remain sensitive to international economic conditions. Investors are expected to stay cautious amid ongoing uncertainty in global markets.