Gold prices in Pakistan recorded another major increase on Monday, with the price of one tola rising by Rs4,000 amid an upward trend in the international bullion market.
Read More: Gold prices surge by Rs5,000 across Pakistan
According to the All Pakistan Gems and Jewellers Association, the price of one tola of gold climbed to Rs477,762 after the latest increase. Similarly, the price of 10 grams of gold rose by Rs3,943, reaching Rs409,603 in local markets.
Jewellers and traders attributed the rise in domestic gold prices to a sharp increase in global bullion rates. In the international market, gold prices increased by $46 per ounce, pushing the rate to $4,554 per ounce.
The continued fluctuations in gold prices have kept both investors and consumers on alert, especially as economic uncertainty and global market instability continue to influence precious metal demand worldwide. Market analysts believe that investors are increasingly turning towards gold as a safe-haven asset amid concerns over inflation, geopolitical tensions, and currency volatility.
Local traders said the rise in prices has affected consumer buying patterns, with many customers delaying purchases in hopes of future price stability. Demand for jewellery has also slowed in some areas due to the high rates.
Gold prices in Pakistan are directly linked to movements in the international market as well as changes in the rupee-dollar exchange rate. Any increase in global prices or currency fluctuations often impacts domestic bullion rates.
Experts say further changes in gold prices may depend on upcoming international economic developments, including central bank policies, inflation data, and geopolitical conditions in key regions.
Read More: Gold prices rise again across Pakistan
Despite the sharp increase, gold continues to be viewed as a reliable investment option by many Pakistanis, particularly during periods of financial uncertainty and market volatility.