Summary
- ISLAMABAD: Gold prices continued their upward trend in Pakistan on Monday, with the price of one tola increasing by Rs800 in the local market.
- The fresh increase in domestic gold prices came as international bullion rates also recorded gains.
- Market participants continue to closely monitor movements in international bullion prices, exchange rates and investor demand, all of which influence gold prices in Pakistan.
ISLAMABAD: Gold prices continued their upward trend in Pakistan on Monday, with the price of one tola increasing by Rs800 in the local market.
According to data released by the All Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold rose to Rs457,336 per tola, following the latest increase.
The price of 10 grams of gold also moved higher, climbing by Rs685 to Rs392,091.
The fresh increase in domestic gold prices came as international bullion rates also recorded gains. In the global market, gold was trading at around $4,349 per ounce, up by $8 from the previous level.
Market participants continue to closely monitor movements in international bullion prices, exchange rates and investor demand, all of which influence gold prices in Pakistan.
Gold remains a popular investment and a traditional store of value in the country, particularly during periods of economic uncertainty and currency fluctuations. Changes in international prices are generally reflected in the local bullion market after adjustments for the rupee-dollar exchange rate and other market factors.
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