The price of gold in Pakistan and globally witnessed a massive rise on Monday, taking the rate of the yellow metal to an all-time high.
According to the All Pakistan Sarafa Gems and Jewelers Association (APSGJA), the price of 24-karat gold increased by a massive Rs7,500 per tola, reaching Rs489,362, as global rates rose amid steady investor demand. The price of 10 grams of gold also climbed by Rs6,431 to Rs419,549, according to the APSGJA. The price of 10g of 22-karat gold increased by Rs5,895 to reach Rs384,600.
In the international market, gold prices increased by $75 per ounce to settle at $4,670. The uptick reflects sustained global interest in precious metals amid economic uncertainty and shifting currency trends. Silver followed a similar trajectory, with the price per tola of 24-karat silver rising by Rs300 to Rs9,782. The price of 10 grams of 24k silver hiked by Rs 257 to be sold for Rs 8,386.
Read also: Gold prices further increase-check latest price here
