Gold prices continued their upward trend both locally and internationally on Monday, with the per tola rate in Pakistan rising sharply by Rs5,900.
According to data from the Saraffa Association, the new price for one tola of gold closed at Rs353,100, while the cost for 10 grams went up by Rs5,058, reaching Rs302,726.
Here’s how the prices shifted: gold per tola jumped by Rs5,900, and gold per 10 grams rose by Rs5,058.
Over the past week, the local market has seen fluctuations, with the price per tola hovering between Rs347,900 and Rs354,100.
Meanwhile, international markets also saw a significant increase, with gold gaining $59 to hit $3,347 per ounce, along with an added $20 premium, as reported by APGJSA.
Analysts explain that this upward momentum in gold prices is largely driven by rising global demand and persistent economic uncertainty, pushing investors toward gold as a reliable safe-haven asset.