Gold prices in Pakistan recorded another increase on Monday, with the price of 24-karat gold rising by Rs2,400 per tola in line with gains in the international bullion market.
According to the latest market rates, one tola of 24K gold is now priced at Rs424,236, while the price of 10 grams of 24K gold climbed by Rs2,057 to Rs363,713.
| Unit | Latest Price |
|---|---|
| Gold (Per Tola) | Rs424,236 |
| Gold (10 Grams) | Rs363,713 |
| Gold (Per Ounce) | $4,018 |
| Silver (Per Tola) | Rs6,070 |
The latest increase follows a sharp decline in the previous trading session. On Friday, the local bullion market had witnessed a correction, with the price of one tola falling by Rs3,600 to Rs421,836 before rebounding strongly.
Gold Rates in Pakistan
| Gold Category | Per Tola | Per Gram | Per 10 Grams | Per Ounce |
|---|---|---|---|---|
| 22K Gold | Rs388,850 | Rs33,338 | Rs333,383 | Rs944,906 |
| 21K Gold | Rs371,175 | Rs31,823 | Rs318,229 | Rs901,955 |
| 18K Gold | Rs318,150 | Rs27,277 | Rs272,768 | Rs773,105 |
The rise in domestic gold prices was largely driven by gains in the global bullion market. International gold prices advanced by $24 per ounce, taking the rate to $4,018 per ounce, including a $20 premium. The stronger international trend provided fresh support to Pakistan’s bullion market, resulting in higher local prices.
Silver also posted gains during the latest trading session. The price of one tola of silver increased by Rs41, reaching Rs6,070, reflecting the overall positive trend in precious metals.
Market experts believe that gold prices in Pakistan will continue to move in line with international market developments. Factors such as global economic conditions, geopolitical tensions, central bank policies, and investor demand are expected to remain the key drivers of bullion prices in the coming days
Also Read: Big Increase in Gold Prices in Pakistan
