The price of gold in Pakistan and internationally saw a major rise on Monday. This increase pushed the yellow metal to an all-time high, sparking concern and interest among investors.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), 24-karat gold jumped by Rs7,700 per tola. The new rate reached Rs480,962, reflecting strong global demand and investor confidence.
Similarly, the price of 10 grams of 24-karat gold rose by Rs6,602. It is now being sold at Rs412,347 per 10 grams across Pakistan.
The price of 10 grams of 22-karat gold also increased by Rs6,052. The metal now trades at Rs377,998, continuing the upward trend in local markets.
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Internationally, gold prices increased by $77 per ounce to settle at $4,586. Analysts said the rise reflects ongoing economic uncertainty and shifts in global currency trends.
Silver prices followed a similar trajectory in Pakistan. The price of 24-karat silver per tola rose by Rs430 to Rs8,895, while 10 grams reached Rs7,626.
Experts warn that precious metals may continue to rise if global demand remains strong. Investors are closely monitoring market trends for further changes in gold and silver prices.
