Gold price in Pakistan surged sharply on Monday as both local and global markets saw an increase. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold increased by Rs2,600 per tola, reaching Rs454,862. This rise comes after a slight drop in the previous session.
The price of 10 grams of 24-karat gold also rose by Rs2,229 to Rs389,970. Similarly, 22-karat gold climbed by Rs2,043 to reach Rs357,485 per 10 grams. Experts say the surge is linked to rising global demand and economic uncertainty, which is making investors turn to safe-haven assets like gold.
In the international market, gold prices increased by $26 per ounce to settle at $4,325. This shows sustained interest in precious metals worldwide. Silver followed a similar trend. The price of 24-karat silver per tola went up by Rs68 to Rs6,532, while 10 grams of 24-karat silver increased by Rs59 to Rs5,600.
Analysts believe that with global economic trends and currency fluctuations, gold price in Pakistan may continue to show volatility in the coming days. Buyers are advised to monitor the rates closely before making large investments.
This rise today highlights the growing importance of precious metals in uncertain economic times. Many investors are curious about whether gold will maintain this upward trend or stabilize in the next few sessions.
