Gold prices in Pakistan recorded a massive increase on Monday, mirroring a sharp rally in the international bullion market as escalating geopolitical tensions triggered panic across global financial systems. Investors rushed toward safe-haven assets, pushing precious metal prices to historic highs both locally and internationally.
According to the latest market update, the price of gold per tola jumped by an extraordinary Rs13,300 in a single day, reaching Rs563,862. Similarly, the rate for 10 grams of gold surged by Rs11,402, settling at Rs483,420. The sudden spike reflects intense buying activity as uncertainty dominated global markets.
Silver prices also followed the upward trend in Pakistan. The price of silver per tola increased by Rs188, climbing to Rs10,050. Analysts noted that rising demand for precious metals typically occurs during periods of geopolitical instability, when investors seek protection against currency volatility and economic risks.
Recent price movements show how rapidly gold has climbed over the past two weeks. On February 18, gold stood at Rs516,062 per tola, gradually rising through the week before accelerating sharply to cross Rs563,000. The steady upward trend indicates growing investor concern about global economic stability.
On the international stage, gold prices surged dramatically, jumping by $133 to reach $5,411 per ounce, including a $20 premium. Spot gold was reported at $5,349.44 per ounce during early trading hours, marking a gain of 1.37% after briefly rising nearly 2% earlier in the session. The rally pushed bullion prices to their highest level in more than four weeks.
Global markets reacted strongly after reports that the United States and Israel launched major strikes on Iran, allegedly resulting in the death of Supreme Leader Ali Khamenei. The development intensified fears of a broader regional conflict, sending shockwaves through financial markets worldwide and increasing demand for gold as a safe investment.
In Pakistan’s local market, different purity levels also saw notable price adjustments. The rate of 22-karat gold per tola reached Rs504,166.67, while 21-karat gold stood at Rs481,250 and 18-karat gold was priced at Rs412,500. Prices per gram and per ounce also reflected similar upward momentum across purity categories.
Market experts believe gold may remain volatile in the coming days as investors closely monitor geopolitical developments and global economic signals. Any further escalation could continue supporting higher bullion prices, while easing tensions may trigger temporary corrections in the market.
Also read: Gold Prices Rise in Pakistan Again
