Gold prices recorded a slight increase in Pakistan’s local market on Monday, following a modest rise in international rates. Market data shows that the precious metal continues to move upward, though the increase remains limited.
According to the All Pakistan Gems and Jewellers Association, the price of Gold per tola increased by Rs800. It settled at Rs493,162 in the domestic market. This reflects a steady upward trend driven by global factors.
Similarly, the price of 10 grams of Gold also saw an increase. It rose by Rs686 to reach Rs423,492. The rise indicates continued demand and sensitivity to global market movements.
In the international market, Gold prices also edged higher. The price per ounce increased by $8, reaching around $4,716. This global rise played a key role in pushing domestic prices upward.
However, silver prices remained stable during the same period. In Pakistan, silver held steady at Rs8,049 per tola. The rate for 10 grams also remained unchanged at Rs6,900. This shows a contrast between the movement of gold and silver in the market.
In the previous trading session, gold prices had recorded a stronger increase. The per tola price rose by Rs2,300 to settle at Rs493,162. Similarly, 10 grams of 24-karat gold increased by Rs1,971. It reached Rs422,806 compared to Rs420,835 earlier.
Experts say that global factors are influencing gold prices. Rising geopolitical tensions are playing a major role. Uncertainty in international markets often increases demand for safe-haven assets like gold.
At the same time, oil prices also surged sharply on Monday. Global benchmark Brent crude rose by 2.2 percent to reach $107.70 per barrel. U.S. crude also increased by 2.1 percent, reaching $96.40 per barrel.
The rise in oil prices is linked to growing tensions between the United States and Iran. Reports indicate that recent diplomatic efforts faced setbacks, increasing uncertainty in global markets.
Analysts believe that such developments can support further gains in gold prices. Investors often turn to gold during times of instability to protect their wealth.
In other news read more about: Gold Prices Rise in Pakistan After Ending Losing Streak
Overall, the latest increase in Gold prices reflects both local demand and global economic conditions. Market trends suggest that prices may remain sensitive to international developments in the coming days.
