Gold prices in Pakistan witnessed a sharp rise at the start of the week as international rates surged once again, driving local prices to new highs. The global market’s upward movement had an immediate impact, forcing local traders to adjust their rates accordingly.
According to market reports, international gold prices increased by a notable margin, causing a significant jump in domestic rates. Within a single day, the price of gold per tola climbed by thousands of rupees, surprising both buyers and jewellers across the country. Similarly, the 10-gram rate also saw a steep increase, mirroring the global trend.
Experts attribute this sudden rise to unstable international economic conditions, currency fluctuations, and growing demand for gold as a safe investment option. Just a day earlier, prices had slightly dropped, providing temporary relief to buyers, but the new week opened with another strong surge, erasing those gains.
Silver prices also experienced an upward movement, though the increase remained relatively smaller compared to gold. Analysts warn that as long as global uncertainty persists, the local gold market may continue to fluctuate.
For now, buyers are adopting a wait-and-see approach, while jewellers expect continued volatility in the coming days due to ongoing global financial pressures.
