The price of gold in Pakistan saw one of the biggest surges ever in both global and Pakistani markets on Monday.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold increased by a massive Rs9,200 per tola, reaching Rs464,762, as global rates rose amid steady investor demand.
The price of 10 grams of gold also climbed by Rs7,888 to Rs398,452, according to the APSGJA.
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The price of 10g of 22-karat gold increased by Rs7,231 to reach Rs365,266.
In the international market, gold prices increased by $92 per ounce to settle at $4,424. The uptick reflects sustained global interest in precious metals amid economic uncertainty and shifting currency trends.
Silver followed a similar trajectory, with the price per tola of 24-karat silver rising by Rs267 to Rs8,023. The price of 10 grammes of 24k silver hiked by Rs229 to be sold for Rs6,878.