Pakistan gold rates climb as local and global bullion prices advance
Pakistan's gold market moves higher on Monday as domestic bullion rates track gains in international trading. The price per tola rises by Rs3,200 to Rs432,336, while the increase also lifts 10-gram gold and silver rates in the local market.
Highlights
- The local price of 10 grams of gold in Pakistan rises by Rs2,744 to Rs370,658, while per tola gold reaches Rs432,336 after increasing by Rs3,200.
- International gold prices advance by $32 to $4,098 per ounce, supporting the upward movement in Pakistan's domestic bullion rates.
- Silver prices in the local market also increase, gaining Rs55 to reach Rs5,723 per tola amid broader precious metals strength.
Domestic bullion rates follow global move
As reported by Business Recorder, citing the All-Pakistan Gems and Jewellers Sarafa Association, the local price of 10 grams of gold rises by Rs2,744 to Rs370,658. The association's rates also show that gold per tola reaches Rs432,336 after the day's increase of Rs3,200.The move reflects a broader upward trend in bullion pricing, with local dealers aligning domestic rates to changes in overseas markets. Monday's rise adds to cost pressures for buyers in Pakistan's physical gold market.
International gains lift market sentiment
In the international market, gold rises by $32 to $4,098 per ounce. The advance in global bullion prices supports the increase seen in Pakistan's local market.Silver also moves higher, with the local price gaining Rs55 to reach Rs5,723 per tola. The simultaneous rise in gold and silver points to firmer precious metals pricing across the market.
We have previously noted Pakistan fuel pricing adjustments, as petrol rose and diesel eased amid global oil market shifts.
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