Gold prices in Pakistan moved higher on Monday, tracking gains in the international market.
According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold rose by Rs. 1,600 per tola, bringing the new rate to Rs. 443,762.
The price of 10-gram gold increased by Rs. 1,372, settling at Rs. 380,454.
This increase comes after a decline over the weekend, when gold dropped by Rs. 2,300 per tola on Saturday to close at Rs. 442,162.
📈 International Market Trend
In the global market, gold gained $16 to reach $4,214 per ounce, including a $20 premium.
Silver prices also moved upward in Pakistan, rising Rs. 30 to Rs. 6,102 per tola.
🌍 What’s Driving Global Gold Prices?
Gold in the international market edged higher on Monday after the US dollar weakened, boosting demand for safe-haven metals.
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Spot gold traded 0.3% higher at $4,212.70 per ounce (as of 03:19 GMT).
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US gold futures for December delivery held steady at $4,241.30 per ounce.
The US dollar slipped to a one-month low, making gold cheaper for overseas buyers and lifting sentiment ahead of the US Federal Reserve policy meeting, where investors expect a possible interest rate cut.
⭐ Quick Highlights
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Gold per tola: Rs. 443,762
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Gold per 10-gram: Rs. 380,454
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International gold: $4,214/oz
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Silver per tola: Rs. 6,102
