Gold and Silver Prices continued their upward trend on Monday in both international and local markets. The strong rally pushed gold per tola to a new high in Pakistan.
In the international bullion market, spot gold increased by 1.88 percent. It reached $5,376.44 per ounce during early trading hours. Earlier in the session, prices had jumped nearly 2 percent, marking the highest level in more than four weeks.
The rise in global rates directly impacted Gold and Silver Prices in Pakistan. According to market data, the price of gold per tola increased by Rs13,300. It reached Rs563,862.
Similarly, the price of 10 grams of gold rose by Rs11,402. The new rate stands at Rs483,420.
Silver prices also followed the upward trend. In the international market, spot silver gained 1.3 percent to reach $95 per ounce.
Platinum and palladium also recorded gains. Platinum rose by 0.8 percent to $2,383.50 per ounce. Palladium climbed 2.3 percent to $1,826.59 per ounce.
In Pakistan, silver per tola increased by Rs188 to Rs10,050. The price of 10 grams of silver moved up by Rs161 to Rs8,616.
A day earlier, Gold and Silver Prices had already shown a strong increase in the domestic market. Gold per tola had surged by Rs10,000 to Rs540,562. Meanwhile, the 10-gram gold rate had reached Rs472,018 after gaining Rs8,574.
Silver had also recorded gains on Sunday. The per tola rate had increased by Rs388 to Rs9,862. The price of 10 grams had climbed to Rs8,455 after a rise of Rs333.
Market experts link the continuous rise in Gold and Silver Prices to global economic trends and investor demand in the bullion market. The coming days will show whether this rally continues or stabilizes.
