Gold prices in Pakistan surged on Monday, following upward trends in the international market, while silver reached a new record level in the local market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs. 7,500, closing at Rs. 489,362. Meanwhile, the price of 10-gram gold rose by Rs. 428 to settle at Rs. 419,549.
Silver also witnessed remarkable gains, setting a fresh all-time high in domestic trading. Analysts attribute the surge in precious metals to global market trends, currency fluctuations, and rising demand among investors seeking safe-haven assets.
Market experts note that continued volatility in international commodity markets and the Pakistani rupee’s movements against the US dollar are key factors driving these price changes. Traders and investors are closely monitoring both domestic and global economic indicators for further guidance.
The rising gold and silver prices have sparked increased activity in jewellery markets, with buyers and sellers adjusting rates daily in response to the rapid movements. Industry sources advise potential investors to track market trends carefully before making significant purchases.
As precious metals continue to climb, economic analysts predict that both gold and silver could approach psychologically significant price milestones, reinforcing their status as critical hedges against inflation and currency uncertainty.
