Gold prices in Pakistan saw a significant increase on Monday, following a positive shift in international markets.
The price of gold per tola surged by Rs500, reaching Rs282,900.The upward movement came after a decline in gold prices during the previous session, when the price had fallen by Rs200 to settle at Rs282,400 on Saturday.
On Monday, the price of 10-gram gold also saw a boost, rising by Rs429 to reach Rs242,541.
The rise in local gold prices mirrored the international market's positive trend, where the price of gold per ounce rose to $2,708, with an additional premium of $20. This marked an increase of $5 in a single day.
In contrast, silver prices experienced a dip, with the price per tola dropping by Rs9 to stand at Rs3,372.
Analysts attribute the increase in gold prices to fluctuations in international demand, with investors responding to economic uncertainties by turning to precious metals as a safe-haven investment. As global markets continue to show signs of volatility, experts predict further fluctuations in both gold and silver prices in the coming weeks.
