Gold prices in Pakistan moved higher on Monday, May 18, following gains in the international bullion market as investors continued to turn to safe-haven assets amid ongoing global economic uncertainty and geopolitical tensions.
Read More: Gold prices fall by Rs600 in Pakistan
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs900, reaching Rs477,162 compared to Rs476,262 in the previous trading session.
Similarly, the price of 10 grams of 24-karat gold rose by Rs772 to Rs409,089, up from Rs408,317 recorded a day earlier.
In the international market, gold prices also registered an increase, climbing $9 per ounce to settle at $4,548 from the previous rate of $4,539 per ounce. Analysts linked the rise to stronger demand for gold as investors sought protection from inflation concerns, currency fluctuations, and uncertainty surrounding global conflicts.
Silver prices also followed the upward trend. The rate of silver per tola increased by Rs26 to Rs8,099, compared to Rs8,073 in the last session.
Market experts said bullion prices remain sensitive to developments in international politics and central bank policies. Recent geopolitical tensions, including developments involving the United States and Iran, have contributed to volatility across commodity markets, prompting renewed investor interest in precious metals.
Analysts maintained that despite short-term price swings, gold continues to hold strong appeal as a long-term investment asset. Its limited supply, intrinsic value, and role as a hedge against inflation and weakening currencies make it attractive during uncertain market conditions.
Local jewellers noted that domestic demand often fluctuates with price movements, with some buyers delaying purchases during sharp increases while long-term investors continue accumulating holdings.
Read More: Gold prices decline by Rs 15,500 per tola
With uncertainty still dominating global financial markets, traders expect gold prices to remain firm in the near term, while further international developments could determine the next direction for bullion markets. Investors are closely monitoring central bank signals and geopolitical headlines for fresh price triggers globally.