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The international bullion market saw a rise in gold prices on Monday, with the price of gold per ounce increasing by $4 to reach $2,390. This uptick in global prices has led to a corresponding rise in local gold markets.
In Pakistan, the price of 24-karat gold per tola rose by PKR 200, reaching PKR 252,700. The price of 10 grams of gold also increased by PKR 172, bringing it to PKR 216,650.
Despite the rise in gold prices, silver prices remained stable. The price of silver per tola stayed at PKR 2,860, and the price of 10 grams of silver remained unchanged at PKR 2,451.98 following a recent drop on Thursday.
The increase in gold prices follows a significant drop on Thursday, when international gold rates fell by $43 per ounce to $2,370. This decline also impacted domestic gold prices, with the cost of 24-carat gold per tola decreasing by PKR 2,300 to PKR 250,500.
These fluctuations in gold prices reflect ongoing volatility in the precious metals market, influenced by various economic factors and market conditions. Investors and traders should stay informed about these trends to make well-informed decisions in their investments.
