Gold Prices Surge in Pakistan Following Global Market Gains
Gold prices in Pakistan saw a significant increase on Monday, reflecting the upward trend in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs. 1,500, reaching Rs. 357,700.
Similarly, the price of 10-gram gold increased by Rs. 1,286, settling at Rs. 306,670.
This rise in prices comes after a slight dip over the weekend, when gold per tola had dropped by Rs. 900, closing at Rs. 356,200 on Saturday. However, Monday’s increase indicates a rebound, driven by renewed activity in the global gold market.
International Market Drives Local Trends
The international gold price also saw a boost, reaching $3,350 per ounce, including a $20 premium. This marked a $15 increase in a single day, influencing the local market trends and contributing to the price surge in Pakistan.
Silver Prices Hold Steady
While gold prices surged, silver prices remained unchanged in the local market. The price of silver per tola stayed steady at Rs. 4,031, with no fluctuations despite the rising gold prices.
