Domestic bullion markets follow international rally as global gold prices gain amid improving investor sentiment
Gold prices in Pakistan surged by Rs4,600 per tola on Monday, tracking gains in international bullion markets amid improving global investor sentiment.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold rose to Rs477,762 per tola in local bullion markets.
Similarly, the price of 24-karat gold per 10 grams increased by Rs3,943 to Rs409,603.
Bullion market analysts attributed the sharp rise in domestic gold prices to strong upward momentum in global markets.
They said expectations surrounding a possible peace agreement between Iran and the United States helped improve market sentiment, contributing to a rally in precious metals internationally.
In the global market, gold prices climbed by $46 to reach $4,554 per ounce.
Pakistan’s bullion prices generally move in line with international market trends and are also influenced by fluctuations in the rupee-dollar exchange rate.
Gold is widely regarded as a safe-haven asset during periods of economic uncertainty, inflationary pressure, and geopolitical tensions.
Jewelry traders said buying activity also improved in major cities, including Karachi, Lahore, and Islamabad, as investors continued shifting toward precious metals for wealth protection and portfolio diversification. Dealers expect gold prices to remain volatile this week amid changing global economic indicators, currency movements, and international geopolitical developments.
