Gold prices in Pakistan remained at historically high levels on Monday as international bullion markets continued reacting to global economic uncertainty and ongoing geopolitical tensions. Investors around the world are closely watching developments in the Middle East, inflation concerns, and currency fluctuations, all of which are impacting the precious metals market.
According to the latest market data, the price of 24-karat gold in Pakistan stood around Rs484,500 per tola, while 22-karat gold was being sold near Rs444,000 per tola in local Sarafa markets. The price of 10 grams of 24K gold also remained above Rs415,000 during trading sessions across major cities including Karachi, Lahore, Islamabad, and Rawalpindi.
Internationally, spot gold prices hovered near $4,677 per ounce as investors continued moving toward safer assets amid fears of rising inflation and uncertainty surrounding US-Iran relations. Analysts believe that strong crude oil prices and global market instability are supporting higher gold demand worldwide.
Market experts say gold prices may continue fluctuating throughout the week depending on international developments and movements in the US dollar. A stronger dollar often makes gold more expensive for global buyers, while political tensions and economic fears usually increase investment demand for the metal. These factors are currently keeping gold prices elevated in both local and international markets.
Jewellery traders in Pakistan have also reported cautious buying activity due to the sharp increase in prices over recent weeks. Many customers are delaying purchases for weddings and investments in hopes of a possible market correction. However, some investors still view gold as one of the safest long-term assets during uncertain economic conditions.
Meanwhile, silver prices also remained firm in the local market, with one tola trading above Rs8,500. Analysts believe precious metals could remain volatile in the coming days as investors await fresh economic data, inflation reports, and any diplomatic progress related to ongoing international tensions.
Also read: Gold Prices Remain Volatile Amid Global Uncertainty
