Gold prices in Pakistan jumped sharply on the first business day of the week as international rates continued to rise. The global market saw a strong upward movement which immediately pushed local gold prices higher.
According to market reports, international gold prices climbed by a significant margin, creating pressure on local traders to adjust their rates. As a result, the price of gold in Pakistan increased by thousands of rupees within a single day, surprising both buyers and jewellers.
In the local bullion market, the per tola price of gold recorded a major jump, bringing it to a new high. The rate for 10 grams also went up noticeably, reflecting the global trend.
Traders say that unstable international economic conditions and rising demand for gold are the main reasons behind these sudden changes.
Just a day earlier, gold prices had dropped slightly, giving some relief to buyers. However, the new week has started with another strong increase, wiping out the earlier decline. Market experts believe that global uncertainty, currency fluctuations, and rising investment in precious metals are pushing prices upward again.
Silver prices also saw an increase locally, though the rise was smaller compared to gold. Analysts say that if international markets continue to show volatility, the upward trend in local prices may continue in the coming days.
For now, buyers are cautious, and many are waiting to see whether prices will stabilize or rise further. Jewellers expect the market to remain unpredictable due to ongoing global economic pressures.
