Gold prices continued their upward momentum in Pakistan on Monday, mirroring a strong rise in the international bullion market.
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In the global market, the price of gold increased by $53 per ounce, reaching $5,020. The surge in international rates had a direct impact on domestic markets, pushing local gold prices sharply higher.
In Pakistan, the price of 24-karat gold rose by Rs5,300 per tola, taking the new rate to Rs524,762 per tola. Similarly, the price of 10 grams of gold increased by Rs4,544, settling at Rs449,898.
Silver prices also followed the upward trend. The rate of 24-karat silver increased by Rs346 per tola, with the precious metal now priced at Rs8,615 per tola in the local market.
Traders attributed the rise in precious metal prices to strong international demand and market volatility, which continue to influence bullion rates globally and domestically.
