Gold prices in Pakistan surged on Monday, approaching record highs amid bullish sentiment in the global market. The price of one tola of gold rose sharply to Rs 358,465, while the rate for 10 grams increased by Rs 1,256, closing at Rs 307,325.
The rise follows a week of losses in both local and international markets, with this rebound marking a notable shift in momentum. Analysts suggest the upward movement reflects renewed investor interest in gold as a safe-haven asset, especially in the face of global economic uncertainty and ongoing geopolitical tensions.
Despite the local surge, international gold prices experienced a slight dip, falling to $3,363 per ounce. Market observers believe this fluctuation is tied to mixed economic signals and speculation over future interest rate decisions by major central banks.
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The 22-karat gold rate per tola stood at Rs 328,533, while 18-karat gold was priced at Rs 268,800. Per gram rates for 22k and 18k gold reached Rs 28,167 and Rs 23,046, respectively. Silver remained steady across major Pakistani cities, priced at Rs 3,878 per tola.
Cities including Karachi, Lahore, Islamabad, Peshawar, and Quetta reported identical rates, indicating broad nationwide pricing stability.
Experts note that the next few days will be crucial for precious metal markets, as investors closely monitor inflation trends, interest rate forecasts, and global political developments—all of which can significantly impact gold prices.
