Gold extended its record-breaking rally in Pakistan, reaching a new all-time high on Monday, driven by rising international prices. The local gold market saw the price per tola surge by Rs200, hitting Rs292,400, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Gold Prices Surge Amid Global Trends
Similarly, the price of 10-gram gold rose by Rs171, settling at Rs250,685. The surge follows a record high on Saturday when gold prices per tola increased by Rs400 to reach Rs292,200.
The international gold market also saw gains on Monday, with the price per ounce rising to $2,799 (including a $20 premium), reflecting a $2 increase during the day. Global market trends continue to influence domestic gold rates, maintaining the bullish momentum.
Silver Prices Decline
In contrast, silver prices saw a marginal dip, falling by Rs5 to settle at Rs3,265 per tola. While gold continues its upward trajectory, silver prices have shown slight fluctuations in recent sessions.
With international gold prices on the rise, local markets are likely to remain volatile. Investors and traders are closely monitoring the global trends to anticipate further movements in precious metal prices.
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