Gold prices in Pakistan moved sharply higher on Monday, tracking strong gains in the international market, while silver surged to a fresh all-time high in the local bullion market.
According to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs. 7,500 to Rs. 489,362. Meanwhile, the price of 10 grams of gold rose by Rs. 428 to Rs. 419,549.
The latest jump comes after a volatile previous session, during which gold had closed at Rs. 481,862 per tola, following a decline of Rs. 6,431.
Internationally, gold prices also strengthened, climbing $75 to $4,670 per ounce, including a premium of $20, providing further support to local prices.
Silver continued its strong upward momentum, with the price of silver per tola rising by Rs. 300 to a new all-time high of Rs. 9,782, reflecting growing investor interest in precious metals.
Market analysts say ongoing global uncertainty and currency pressures are keeping demand for safe-haven assets elevated.
