Gold prices in Pakistan continued their record-breaking rally on Monday, moving closer to the Rs. 400,000 per tola mark, fueled by strong gains in the international market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold jumped by Rs. 3,400 per tola, pushing the rate to Rs. 393,700. Similarly, the price of 10 grams rose by Rs. 2,915, settling at Rs. 337,534.
This surge comes just two days after Saturday’s increase, when gold prices climbed to Rs. 390,300 per tola following a daily gain of Rs. 1,700.
Driven by International Trends
The rise is closely linked to international bullion markets, where gold hit $3,719 per ounce (including a $20 premium). This represents a $34 jump in a single day, according to APGJSA. Global uncertainty, currency pressures, and strong investor demand have continued to fuel the precious metal’s upward momentum.
Silver Prices Also Rise
The rally wasn’t limited to gold alone. Silver prices in Pakistan also surged by Rs. 63 per tola, reaching Rs. 4,595. Analysts suggest the parallel rise in silver reflects broader demand for safe-haven assets.
Nearing Historic Benchmark
With prices inching closer to the Rs. 400,000 per tola milestone, jewellers and analysts warn of further volatility ahead. The sharp climb has made gold an attractive hedge against inflation but continues to raise concerns for the local jewellery market, where demand typically slows with soaring rates.
For now, investors remain focused on international trends that could push gold to yet another all-time high in Pakistan.
