Gold prices in Pakistan have seen an upward trend on Monday, buoyed by positive movements in the international market. The price per tola of gold increased to Rs. 446,450, marking a rise of Rs. 370 from the day’s start, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the cost for 10 grams of gold also reflected this upward shift, echoing the international market’s influence.
In trading over the last 6 hours, gold’s international price rose from $4,201.40 to $4,216.30, registering an increase of $14.90. This ascent highlights a steady global demand and reflects positively in the local markets. The APGJSA’s data suggests that such trends are likely to keep the local gold market robust in the short term.
Silver prices have experienced slight fluctuations in the local market. The price per tola of silver slightly decreased to Rs. 58.24 from Rs. 58.44. Despite this minor dip, the silver market remains relatively stable, maintaining investor interest.
Globally, the gold market has been influenced by various geopolitical and economic factors, contributing to its recent gains. The international market’s resilience suggests a continued investor focus on precious metals as a safe haven amid economic uncertainties. The APGJSA reports that this trend is likely to have a sustained impact on local markets, as investors continue to monitor global cues closely.
Overall, the Pakistani gold market’s performance so far today indicates a positive trend, reflecting broader global movements. As the day progresses, market participants will keep a keen eye on international developments to gauge future price directions. Investors are advised to stay informed by following market updates, as these dynamics continue to evolve rapidly.
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