Gold prices in Pakistan experienced a notable increase on Monday, reflecting a broader surge seen in the international bullion markets. At the outset of the trading week, local gold rates climbed substantially, driven by rising global demand and market dynamics. Traders reported that the price per tola of gold jumped by Rs3,900, reaching Rs475,962, while the cost of 10 grams rose by Rs3,343 to settle at Rs408,060.
This upward movement in domestic gold prices followed a significant boost in global rates, where gold prices increased by $39 per ounce, hitting $4,532 in the international market. The global rally in precious metals has been influenced by various economic factors, including currency fluctuations and heightened investor interest amid uncertain financial conditions.
Meanwhile, silver prices also saw an upward trend both internationally and within Pakistan. On the global stage, silver rose to $70.40 per ounce. Correspondingly, in the local market, the price of silver per tola increased by Rs70 to Rs7,524, and the rate for 10 grams climbed by Rs60 to Rs6,450. These increases underscore the close correlation between domestic bullion prices and global market movements.
Bullion dealers emphasized that the Pakistani market continues to be heavily influenced by international trends, with currency exchange rates and global demand playing crucial roles in shaping local prices. This alignment highlights the interconnected nature of commodity markets and the impact of global economic shifts on Pakistan’s precious metals sector.
