Gold prices in Pakistan experienced a modest increase on Monday, in line with the upward trend observed in the international market. As of the latest update, the price of gold per tola in the local market stands at Rs. 445,990, showing a slight decrease of Rs. 90 from the day start price of Rs. 446,080. Meanwhile, the price for 10 grams of gold also reflects this change, indicating the minor fluctuations in the local market. This data is attributed to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Over the last 12 hours, trading activity has shown a robust pattern with gold prices reaching a high of $4,219.10 per ounce internationally. The latest international gold price is $4,209.73 per ounce, marking an increase of $8.33 from the day’s opening price of $4,201.40. This rise aligns with the global market’s response to current economic indicators, which have bolstered investor confidence in gold as a safe-haven asset.
Silver prices in the local market have seen a slight decrease, moving down to Rs. 58.35 per gram from the earlier rate of Rs. 58.44. This minor drop indicates a relatively stable market for silver, despite the fluctuations in gold prices.
Globally, the precious metals market reflects a cautious optimism, with investors eyeing economic developments that could further influence gold and silver rates. The interplay between global economic policies and market sentiment continues to drive these fluctuations. The APGJSA’s data highlights the importance of both local and international dynamics in shaping the current trends in the precious metals market.
As the day progresses, market participants will be closely monitoring any new developments that could impact these precious metals’ prices, both locally and internationally, ensuring they remain informed and prepared for any potential shifts in the market landscape.
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