By Uzma Sahar 
Gold prices in Pakistan witnessed a sharp rise on Monday, reflecting strong momentum in the international bullion market and growing investor demand for safe-haven assets. The increase has pushed local gold rates to new highs, drawing attention from traders, investors, and consumers alike.
According to market reports, the global price of gold jumped by $26 per ounce, settling at $4,325. The surge was driven by renewed investor interest amid global economic uncertainty, inflationary concerns, and fluctuations in major currencies. International trends continue to play a decisive role in shaping domestic gold prices.
In Pakistan, the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) confirmed a significant hike in local rates. The price of 24-karat gold increased by Rs2,600 per tola, taking it to Rs454,862. This marks one of the notable single-day increases seen in recent weeks.
The impact was also evident in gram-based pricing. The price of 10 grams of 24-karat gold rose by Rs2,229, reaching Rs389,970. Meanwhile, 10 grams of 22-karat gold saw an increase of Rs2,043, with the new rate standing at Rs357,485. The consistent rise across all purity levels highlights strong underlying demand.
Market analysts note that gold’s upward trajectory is closely linked to global economic signals. Persistent geopolitical tensions, expectations around interest rate adjustments, and a cautious outlook on global growth have encouraged investors to shift capital toward precious metals, particularly gold.
In Pakistan, gold is traditionally viewed as a hedge against inflation and currency depreciation. With the rupee facing periodic pressure and uncertainty in broader financial markets, demand for physical gold often intensifies, amplifying price movements at the local level.
Silver prices also followed the upward trend, albeit at a more moderate pace. The price of 24-karat silver per tola increased by Rs68, bringing it to Rs6,532. Similarly, the price of 10 grams of 24-karat silver rose by Rs59, now trading at Rs5,600. The parallel movement in silver suggests broader strength across precious metals.
Jewellers and traders indicate that while higher prices may slow retail buying in the short term, investment-driven demand remains resilient. Many buyers continue to view gold as a long-term store of value, especially during periods of economic volatility.
Looking ahead, market participants expect gold prices to remain sensitive to global developments, including central bank policies, inflation data, and currency movements. Any sustained rise in international rates is likely to have a direct impact on local bullion markets.
For consumers and investors in Pakistan, the latest surge underscores the importance of monitoring global trends, as domestic gold prices remain closely tied to movements in the international market.