KARACHI: Gold prices in Pakistan experienced a significant surge on Monday, showing a robust rebound in both local and global markets. Following a brief dip over the weekend, the precious metal regained momentum due to renewed investor interest and ongoing global economic uncertainty.
As reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold prices in the local market rose by Rs7,400 per tola, reaching Rs429,862. Similarly, the price for 10 grams of gold saw an increase of Rs6,337, bringing it to Rs368,530.
Globally, spot gold advanced by 1.4 percent to $4,053.40 per ounce, while US gold futures for December delivery rose by 1.3 percent to $4,062.40 per ounce. According to APGJSA, the international gold rate stood at $4,075 per ounce with a $20 premium, showing a $74 increase during the day.
Silver also followed the upward trend, climbing Rs115 per tola to settle at Rs5,209.
