Gold prices in Pakistan continue to rise, reaching a new all-time high of Rs370,700 per tola on Monday. The price gained Rs3,300 during the day, marking a strong upward trend. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10 grams of gold was sold at Rs317,815 after increasing by Rs2,829. This follows Saturday’s rise when gold price per tola hit Rs367,400 with a Rs3,600 gain.
International gold rates also showed an increase, reaching $3,480 per ounce with a $20 premium. This marked a $33 gain, reflecting global demand and market trends. The rising international price contributes directly to local price increases. Experts say this trend may continue amid global economic uncertainties. Investors are closely watching these movements for future decisions.
Silver prices also saw an upward movement, gaining Rs101 to reach Rs4,303 per tola. This increase complements the rising trend in precious metals in Pakistan. Traders believe precious metals remain a safe investment during unstable market conditions. The APGJSA continues to monitor and share updated rates regularly.
Overall, rising gold and silver prices indicate strong demand and potential inflation concerns. Consumers and investors are advised to stay informed about market changes. The recent price jumps highlight precious metals as attractive assets in uncertain times. Economic factors both local and international influence these price movements.