Gold prices in Pakistan have reached a new record high, aligning with the increase in international gold rates.
On Monday, the price of gold per tola surged to Rs309,500, marking a single-day increase of Rs1,500.
Similarly, the price of 10-gram gold rose to Rs265,346, with an increase of Rs1,286, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
This rise follows a previous increase on Saturday when the gold price per tola gained Rs1,000 to reach Rs308,000.
The fluctuations in gold prices in Pakistan are closely tied to changes in international gold markets, which have also seen significant increases recently.
Here is a summary of the current gold prices in Pakistan:
Gold Type | Price per Tola | Price per 10 Grams |
---|---|---|
24K Gold | Rs309,500 | Rs265,346 |
Gold prices retreated internationally on Monday as traders secured profits following recent record highs, with market focus shifting to a key US inflation report due later this week.
“Gold has struggled to benefit from the broader risk-averse sentiment in the market, as profit-taking has countered any surge in safe-haven demand,” Tim Waterer, chief market analyst at KCM Trade, told Reuters.
“Given the ongoing trade uncertainties, gold may still be poised to reach new all-time highs again this week.”
Last week, US President Donald Trump announced plans to impose additional tariffs within the next month, targeting lumber and forest products alongside previously announced duties on imported cars, semiconductors, and pharmaceuticals.
On the international market, gold prices rose on Monday, reaching $2,948 per ounce with a $20 premium, marking a $12 increase during the day, according to APGJSA.
Meanwhile, silver prices climbed by Rs15, settling at Rs3,395 per tola.
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