Gold prices in Pakistan continued their strong upward momentum as local bullion rates climbed significantly, coming just short of the Rs. 500,000 per tola mark. On Monday, the domestic price of gold rose by a substantial margin, lifting the per tola rate to around Rs. 489,000, while the 10-gram rate also saw notable gains. This surge reflects a combination of strong buying demand, a rally in international gold markets, and the ongoing depreciation of the Pakistani rupee.
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Traders in the local market linked the sharp rise to robust global cues, where international gold prices strengthened and provided fresh impetus to domestic rates. Investors and buyers continue to view gold as a safe-haven asset amid economic uncertainty and currency volatility, sustaining the bullish trend.
Alongside gold, silver prices also hit new record highs in the local market, indicating broad strength in precious metal demand. Jewelers reported continued interest from both retail buyers and investors, despite rising price levels.
