KARACHI: Gold prices in Pakistan continued their record-breaking rally, reaching a new all-time high on Monday, in line with the rise in international gold rates. The price of gold per tola increased by Rs200, reaching Rs292,400, while 10-gram gold rose by Rs171 to settle at Rs250,685. These rates were shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
This surge follows a similar increase on Saturday, when gold prices per tola rose by Rs400, reaching Rs292,200. The international price of gold also saw an uptick, climbing to $2,799 per ounce with a premium of $20, reflecting a $2 increase during the day.
The continuous rise in gold prices comes amid global economic uncertainties, which have driven investors toward gold as a safe haven. As the precious metal remains in high demand, the local market has experienced significant price increases, affecting both investors and consumers in Pakistan.
In contrast, silver prices saw a slight decline, with the cost per tola dropping by Rs5 to Rs3,265. Despite this, silver continues to be a popular alternative for many buyers.
The gold market remains dynamic, with experts closely tracking the ongoing fluctuations in both local and international prices.
