Gold prices rose in both international and local markets on Monday, continuing their recent upward trend. In the global bullion market, gold gained $13 per ounce, reaching $4,015.
Following the international surge, the price of 24-carat gold in Pakistan increased by Rs1,300 per tola, bringing it to Rs423,862. Similarly, the rate for 10 grams of 24-carat gold went up by Rs1,115 to Rs363,393.
Silver prices also edged higher, with the rate per tola climbing by Rs25 to Rs5,152 and 10 grams increasing by Rs22 to Rs4,417.
In the global market, spot gold rose 0.5% to $4,020.45 per ounce by 0905 GMT, while US gold futures for December delivery advanced 0.9% to $4,031.50. Spot silver was up 0.5% at $48.90 per ounce, platinum gained 2.2% to $1,601.90, and palladium rose 1.3% to $1,452.58.
A day earlier, gold prices had declined in international trading, dropping by $16 per ounce to $4,002, which pushed local prices down as well. On Saturday, 24-carat gold fell by Rs1,600 per tola to Rs422,562, and by Rs1,372 per 10 grams to Rs362,278.
Silver had also slipped then, with prices falling by Rs65 per tola to Rs5,127 and by Rs56 per 10 grams to Rs4,395.