Gold prices in Pakistan rose again on Monday, following the trend in the global market. According to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), the price of gold per tola increased by Rs. 1,300, bringing the new rate to Rs. 423,862. The rise comes after a short decline over the weekend, showing renewed strength in both local and international markets.
Increase in 10-Gram Gold Rate
Along with the per tola rise, the rate of 10-gram gold also increased notably. The APGJSA reported that the 10-gram price climbed by Rs. 1,115, reaching Rs. 363,393. This steady growth has been driven by international market gains, as investors continue to show interest in the precious metal amid uncertainty in global financial trends and changing interest rate expectations.
Earlier Drop in Gold Prices
The recent increase follows a previous drop in gold prices over the weekend. On Saturday, the per tola rate fell by Rs. 1,600 to Rs. 422,562. That decline had given temporary relief to buyers but did not last long. The current rebound signals ongoing fluctuations in the market as gold remains sensitive to currency shifts and international trading activities.
Global Market Influence on Local Prices
Gold prices worldwide also moved higher on Monday, impacting local rates. The APGJSA stated that the international gold price reached $4,015 per ounce, including a $20 premium, showing a rise of $13 during the day. These upward movements in global trading platforms have pushed local prices higher, reflecting how Pakistan’s market often mirrors global bullion trends.
Silver Prices Also Show an Increase
Silver followed the same path as gold, registering a moderate increase. In the local market, silver prices rose by Rs. 25 per tola, bringing the new price to Rs. 5,152. This consistent rise in both gold and silver indicates that precious metals continue to attract attention from investors looking for safer options amid shifting market conditions.
Global Gold Prices Hold Steady
In international trading, spot gold remained flat at $4,000.65 per ounce as of 0504 GMT. U.S. gold futures for December delivery gained 0.4% to reach $4,010 per ounce. Analysts say the dollar’s strength and easing U.S.-China trade tensions are keeping prices steady. Though gold is still below its October 20 record of $4,381.21, investors remain cautiously optimistic.
Gold and Silver Prices Table
| Type | Previous Price | Change | New Price |
|---|---|---|---|
| Gold (per tola) | Rs. 422,562 | +Rs. 1,300 | Rs. 423,862 |
| Gold (10 grams) | Rs. 362,278 | +Rs. 1,115 | Rs. 363,393 |
| Silver (per tola) | Rs. 5,127 | +Rs. 25 | Rs. 5,152 |
| Global Gold (per ounce) | $4,002 | +$13 | $4,015 |
