The price of gold in Pakistan witnessed a significant rally on Monday, jumping by Rs13,300 per tola, as a surge in international rates bolstered demand in the local market.
According to data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola closed at Rs563,862, up from the previous day’s rate of Rs550,562. This sharp increase mirrors global trends, where the precious metal has strengthened amid ongoing economic uncertainties.
The price of 10 grams of 24-karat gold also saw a substantial rise, increasing by Rs11,402 to reach Rs483,420. Similarly, 10 grams of 22-karat gold became more expensive by Rs10,453, settling at Rs443,151.
Silver Prices Follow Upward Trend
Extending the bullish momentum in the commodity market, silver prices also posted strong gains. Per-tola silver rates increased by Rs188, trading at Rs10,050, up from Rs9,862. The price for 10 grams of silver rose by Rs161 to Rs8,616.
Global Market Influence
Market analysts attribute the domestic rally primarily to movements in the international bullion market. The Association reported that gold prices in the international market increased by $133, climbing to $5,411 from $5,278. International silver rates also strengthened, rising by $1.88 to $95.66.
Jewelers in major cities including Karachi, Lahore, and Islamabad reported steady buying interest despite the higher rates, as investors often view gold as a safe-haven asset during periods of currency fluctuation and global economic tension.
