Karachi – On Monday, gold prices in Pakistan experienced a notable increase, mirroring the rising trends observed in the international market.
Data released by the All Pakistan Gems and Jewellers Association revealed that the price of gold per tola surged by Rs1,000, reaching a new high of Rs251,000. Similarly, the cost of 10 grams of gold saw an increase of Rs857, settling at Rs215,192.
This uptick in domestic gold prices aligns with the global market trend, where the price of gold rose by $2 to reach $2,382 per ounce. The international market’s fluctuation continues to impact local prices, reflecting the interconnected nature of global commodity markets.
In contrast, the previous Saturday had witnessed a decline in gold prices within Pakistan, following a decrease in international rates. During that session, the price per tola dropped by Rs1,000, bringing it down to Rs250,000. The cost of 10 grams of gold also fell by Rs857, reaching Rs214,335.
The recent rise in gold prices is indicative of ongoing volatility in the global precious metals market. As such, the fluctuations in international gold prices are having a direct impact on local markets, affecting both consumers and traders.
The All Pakistan Gems and Jewellers Association’s data highlights these price changes, reflecting broader economic trends and investor sentiment in both domestic and international markets.
