Gold prices in Pakistan recorded another sharp rise on Monday, reflecting the strong rally in international bullion markets.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola surged by Rs. 7,400, reaching Rs. 429,862.
Similarly, 10 grams of gold rose by Rs. 6,337 to Rs. 368,530.
Just two days earlier, gold had closed at Rs. 422,462 per tola, after a minor decline of Rs. 600, showing the high volatility in recent sessions.
On the global front, gold prices jumped significantly, touching $4,075 per ounce (including a $20 premium) — a $74 increase in a single day.
Silver also followed the upward trend, climbing Rs. 115 per tola to Rs. 5,209.
Analysts say the surge comes amid expectations of a U.S. Federal Reserve interest rate cut in December and weak global economic indicators, prompting investors to move toward safe-haven assets like gold.
📊 Spot gold: $4,053.40 per ounce (+1.4%)
📈 US futures (Dec): $4,062.40 per ounce (+1.3%)
