KARACHI: Gold prices in Pakistan saw a notable increase on Monday, mirroring the upward trend in international markets. The price of gold per tola rose by Rs2,000, reaching Rs276,400 in the local market.

Similarly, the price of 10 grams of gold went up by Rs1,714, settling at Rs236,968, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).  This rise follows a slight decline of Rs300 in the price of gold per tola on Saturday. Internationally, gold prices saw a gain on the same day, with the price per ounce rising to $2,652, including a premium of $20. The increase in global rates played a significant role in the local market’s upward movement. In contrast to gold, silver prices remained stable, holding steady at Rs3,400 per tola.

This consistency in silver prices provided some balance amidst the fluctuating gold rates. The rise in gold prices is a reflection of broader global market trends, with investors responding to shifting economic signals, including potential policy changes and economic indicators. The local market continues to track international movements closely, with both gold and silver prices influenced by global demand and supply dynamics.