Gold prices in Pakistan surged once again on Monday, tracking the upward trend in international bullion markets. The price per tola reached Rs359,700, registering a Rs1,600 increase compared to the previous trading session.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA):
-
10-gram gold was priced at Rs308,384, up Rs1,371
-
Silver per tola also climbed, reaching Rs4,087, up Rs65
This price hike follows a similar increase on Saturday, when gold per tola rose Rs1,100, settling at Rs358,100.
Global Market Trends:
The rise in local gold prices mirrors movements in the international market, where the spot price reached $3,372 per ounce (inclusive of a $20 premium), showing a $16 gain on the day.
Analysts attribute the rally to:
-
Investor caution amid global trade tensions, especially following tariff threats by the U.S.
-
Ongoing geopolitical uncertainty, which continues to drive demand for safe-haven assets like gold
-
Strengthening of international bullion prices, which directly impacts domestic markets, especially in import-reliant countries like Pakistan
Pakistan’s gold prices are particularly sensitive to international spot rates and exchange rate fluctuations, given the country imports most of its bullion needs.
SBP Targets Rs4.875 Trillion Through PIBs & MTBs in Q3 FY2025 Amid Gold Price Dip
Market Outlook:
With ongoing global economic uncertainty and renewed trade tensions, analysts expect gold prices to remain volatile but bullish in the near term. Local jewellers also anticipate continued upward movement, especially if the rupee depreciates further or global inflationary pressures escalate.
Investors looking for capital protection amid market instability are once again turning to precious metals, reinforcing gold’s traditional role as a financial hedge.
